INVL Renewable Energy Fund I secures new Kommunalkredit financing for solar energy projects in Romania

Core Insights - The INVL Renewable Energy Fund I has secured a EUR 29.3 million loan from Kommunalkredit Austria AG to finance the construction of solar power plants in Romania with a total capacity of 71 megawatts (MW) [1][3] - This loan marks the second financing from Kommunalkredit to the fund, following a previous EUR 25 million loan granted in November 2023 for similar projects [3][4] - The fund is focusing on renewable energy projects in Romania and Poland, with a total project capacity of 389 MW in development across these markets [5][6] Financing and Investment - The fund is currently seeking to raise up to EUR 15 million through a bond offering aimed at private and institutional investors in the Baltic countries [7] - Total investments in renewable energy projects in Romania and Poland are expected to exceed EUR 250 million, with over EUR 90 million already invested as of June 2025 [6] Project Development - The 71-MW solar project in Dolj County is the fund's third large-scale solar energy development in Romania, with construction expected to be completed by the end of September next year [5] - In Romania, the fund is investing in eight solar plants with a combined capacity of 356 MW, while in Poland, it is developing projects with over 32 MW [6] Company Background - The INVL Renewable Energy Fund I was established on July 20, 2021, by INVL Asset Management, focusing on early- and mid-stage renewable energy projects within the European Union and the European Economic Area [8]