The European Bank for Reconstruction and Development and Eiffel Investment Group are supplying ?%A/C24.4 million in financing for the buildingandconstruction of a 60 MW solar plant in southern Romania.

Image: INVL Renewable Energy Fund I

The INVL Renewable Energy Fund I, run by Lithuania’s INVL Asset Management, has got ?%AIRCONDITIONING24.4 million ($26.7 million) for the buildingandconstruction of a 60 MW solar farm in Romania, to be situated in Dolj County in the south of the nation.

The financialinvestment comes from The European Bank for Reconstruction and Development and Paris-based Eiffel Investment Group, which have each given ?%AIRCONDITIONER12.2 million. 

“The financing not just makesitpossiblefor us to speedup the buildingandconstruction of the solar power plants currently in development in Romania, however likewise to make a considerable contribution to the growth of Romania’s eco-friendly energy generation capability,” stated Liudas Liutkevičius, handling partner, INVL Renewable Energy Fund I.

Last year, INVL Renewable Energy Fund I protected ?%A/C25 million for brand-new solar plants in Romania with a cumulative capability of 51 MW. Construction of these centers is anticipated by the end of September this year.

The fund, which was developed in 2021, is now investing in 8 Romanian solar jobs with a overall capability of 451 MW. It likewise has existence in Poland, with tasks amountingto 32 MW presently under advancement, taking its overall portfolio to 483 MW.

Romania hit 2.6 GW of solar capability by the end of last year. Earlier this year, Helsinki-based financier Korkia and Romanian renewables designer Econous Green Energy revealed prepares to establish 600 MW of solar in the nation, with building arranged for next year.

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