Construction of these projects is anticipated to be completed by the end of September 2026.

German financial advisory firm Capcora and Romanian law firm Glodeanu & Partners advised the INVL Renewable Energy Fund I in securing the funding.

This marks the second loan provided by Kommunalkredit to the fund, following a €25 million loan in November 2023 for similar solar projects in Romania.

Konstantin Ponomarenko, Senior Transactor, Structuring & Execution, Banking, Kommunalkredit Austria, said: “The development of solar energy infrastructure in Romania reflects both the fund's strategic vision and our commitment to enabling the energy transition in high-growth markets.”

The fund's total portfolio of projects under development in Romania and Poland amounts to 389 MW. Specifically in Romania, the fund is investing in eight solar plants with a combined capacity of 356 MW. Investments across Romania and Poland are projected to exceed €250 million.

As of June 2025, the fund has invested over €90 million in the acquisition and construction of these projects, with all solar parks expected to be completed by the end of 2027.