The INVL Renewable Energy Fund I, which invests in renewable energy projects, has announced a new offering period for its investment units.
Investors may purchase investment units of the fund starting 8th of September until the start of November this year. The INVL Renewable Energy Fund I investment units are distributed by the INVL Family Office.
“All of the Europe now is going through an extremely challenging time due to drastic increase in energy prices, inflation levels not seen for decades, and severe effects of climate change that led to Europe’s driest summer in 500 years of observations. We believe investment in renewable energy will strengthen the European Union in terms of economic resilience to imported energy prices and will have a very significant impact on mitigating climate change and preserving the environment for future generations,” said Liudas Liutkevičius, managing partner of the INVL Renewable Energy Fund I.
The INVL Renewable Energy Fund I is focusing on investments in renewable energy projects within EU and NATO member states. The fund currently is developing projects, of more than 200 MW (megawatts) in capacity in Poland and Romania and evaluating investment opportunities in the Baltic countries. All projects under development already hold grid connection capacity granted by electricity distribution system operators. Based on existing project pipeline fund plans to increase existing portfolio to more than 400 MW by the end of this year. It is planned to complete the construction of all projects by the end of the third quarter of 2025.
Renewable energy is an attractive asset class both from environmental as well as economic perspective. Polish and Romanian markets, due to their size and specifics of the electricity production balance, are in high need for new power generation capacities and local state authorities are supporting the development of new renewable energy projects.
To date, the INVL Renewable Energy Fund I has raised EUR 34.6 million from 113 investors.
The minimum investment in the fund 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.
About the INVL Renewable Energy Fund I
The INVL Renewable Energy Fund I was established on 20 July 2021 by INVL Asset Management as a sub-fund for informed investors. It invests in early- and mid-stage renewable energy projects (solar and wind), including the construction of new power plants, the development and/or acquisition of the infrastructure necessary for the operation of power plants, and effective management of existing power plants in the European Union and member states of the European Economic Area.
INVL Asset Management is part of INVL, the leading Baltic investment management and life insurance group.