INVL Renewable Energy Fund I, which was established three months ago and which invests in renewable energy projects and is managed by INVL Asset Management, one of the leading asset management companies in
“Investors’ interest and confidence are encouraging, as are the results achieved in terms of raising capital. At the second close we have already surpassed half the fund’s target size of
With the backing provided by investors, the fund will develop its activities investing in renewable energy projects in the territory of the
“Ever since the fund was established, we have been building the infrastructure of the fund's partner network, which includes both project developers and support services – companies providing legal, financial, accounting, engineering and other services,” the managing partner of the fund said.
Since the fund’s inception, he said, an agreement has already been signed on the development of over 150 megawatts of early-stage solar farm projects on the Polish market. Active work continues on enlarging the portfolio and on other possible agreements as a basis for developing the project portfolio in
“It is important to note that not all of the projects in development will reach the construction phase, since some of them will not be granted grid connection capacity or will be dropped for economic reasons. Thus we are actively working with other potential partners and seeking to expand the portfolio of projects under development. We are also interested in projects in the Baltic countries and so invite renewable energy developers that operate in the Baltics to collaborate,” Liudas Liutkevičius said.
In its initial closing, the fund raised
The fund has a target size of
About the INVL Renewable Energy Fund I
The INVL Renewable Energy Fund I, established on
The person authorised to provide additional information:
Liudas Liutkevičius, Managing Partner of INVL Renewable Energy Fund I
E-mail liudas.liutkevicius@invl.com
© OMX, source