The INVL Renewable Energy Fund I which is managed by INVL Asset Management and invests in renewable energy projects is starting a new offering of fund units. The units are being distributed by the INVL Family Office.
“We are entering into a new development phase at our fund – we begin the construction of solar parks we have developed to ready-to-build stage, and for that we aim to raise additional funds from investors,” says Liudas Liutkevičius, the managing partner of the INVL Renewable Energy Fund I.
Renewable energy is an attractive asset class from an environmental, economic and energy independence perspective. Investing in the fund gives investors a chance to diversify their assets geographically, earn an attractive return, and contribute to mitigating the effects of climate change. To date, the INVL Renewable Energy Fund I has raised EUR 52.9 million from 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.
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 electricity generation capacity due to specifics of the production balance, and their governments are supporting the expansion of renewable energy.
The fund’s portfolio of projects in development has a total capacity of more than 470 megawatts (MW). That includes investments in 8 solar parks just in Romania, construction of which should be completed by the end of the third quarter of 2025. Total investments of about EUR 350 million are envisaged in the fund’s renewable energy projects in Romania. When the project construction in Poland will be completed, operation projects will be sold to end consumers to cover their own electricity needs or to independent power producers (IPPs).
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.