“We value investors’ trust in the development of renewable energy by our fund. The proceeds of this placement will be used for construction of solar parks in Romania and Poland markets,” says Liudas Liutkevičius, the managing partner of the INVL Renewable Energy Fund I.
Currently the INVL Renewable Energy Fund I is focusing on the Romanian and Polish markets, where the fund’s managers see big growth potential. Those countries need new renewable electricity generation capacity due to specifics of the production balance while their governments are supporting the expansion of renewable energy.
The fund’s portfolio of projects under development has a total capacity of more than 470 megawatts (MW). That includes investments in 8 solar parks projects in Romania, construction of which should be completed by the end of 2025. Total investments of over EUR 330 million are envisaged in the fund’s renewable energy projects in Romania. Once construction work on projects in Poland is complete, the plan is to sell those solar plants to end consumers that want to cover their own electricity needs.
Renewable energy is an attractive asset class from an environmental, economic and energy independence perspective. Investing in this fund gives investors a chance to diversify their assets geographically and contribute to mitigating the effects of climate change.
The minimum investment in the INVL Renewable Energy Fund I is EUR 125,000. The total duration of the fund is 7 years (until August 2028) and its investment period is 4 years (until August 2025). If needed, the fund’s operations can be extended for a further 2 years.
