INVL Secures HoldCo Facility for Solar Portfolio in Romania and Poland

INVL Renewable Energy Fund I, under INVL Asset Management, has obtained a EUR 17.5 million HoldCo facility from an international debt fund. This funding will support the capital needed for a 482 MW solar PV project portfolio in Romania and Poland. Capcora, a German financial advisor, facilitated this transaction.

Liudas Liutkevičius, Managing Partner of INVL Renewable Energy Fund I, emphasized the importance of this facility in advancing their sustainable investments. The portfolio includes 450 MWp in Romania and 32 MWp in Poland, with total project costs nearing EUR 250 million. Completion is expected by the end of 2025.

The HoldCo facility, structured as a loan, has a two-year tenor aligned with construction timelines. The funds will cover part of the project costs, complemented by senior debt, equity contributions, and potential asset sales.

Alexander Kuhn, Managing Partner at Capcora, highlighted their commitment to innovative financing solutions in developing markets. Capcora and CMS Poland advised INVL on securing this financing.