INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, has signed a new EUR29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit) which will be used to finance the construction of a solar power park with 71 megawatts (MW) of capacity in Romania.
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide EUR24.4 million funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, for the construction of a 60 megawatts (MW) capacity solar power plant in Romania.
INVL Renewable Energy Fund I, a fund that invests in renewable energy projects and is managed by INVL Asset Management, has signed an agreement with Kommunalkredit Austria AG for a EUR25 million loan.