INVL Renewable Energy Secures Funding to Construct 60 MW Solar Plant in Europe

*INVL Renewable Energy Fund 1 Secures Funding for 60MW Solar Power Plant in Europe**

INVL Renewable Energy Fund 1 has obtained funding to construct a 60MW solar power plant in Dolj County, Romania. The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are providing equal shares of €12.2 million each, totaling €24.4 million for the project.

This solar power plant marks the second project for the Fund. Liudas Liutkevičius, Managing Partner at INVL Renewable Energy Fund 1, expressed appreciation for the trust shown by the EBRD and Eiffel Investment Group. He stated, "The funding not only enables us to accelerate the construction of the solar power plants already in progress in Romania, but also to make a significant contribution to the expansion of Romania's renewable energy generation capacity."

INVL Renewable Energy Fund 1 is investing in eight PV array projects with a combined capacity of 451MW across Romania. The total capacity of the Fund’s renewable energy projects portfolio is 483MW.

Additionally, INVL Renewable is developing solar park projects with over 32MW of capacity in Poland. The investments in Romania and Poland are expected to exceed €330 million, with completion targeted by the end of 2026.