INVL Renewable Energy Fund I raise another EUR 5 million from investors
21 Junio 2023 - 1:30AM
INVL Renewable Energy Fund I raise another EUR 5 million from
investors
The INVL Renewable Energy Fund I which is under
managed by INVL Asset Management and invests in renewable energy
projects raised a further EUR 5 million from investors to reach a
size of EUR 57.9 million.
“We value investors’ trust in the development of
renewable energy by our fund. The proceeds of this placement will
be used for construction of solar parks in Romania and Poland
markets,” says Liudas Liutkevičius, the managing partner of the
INVL Renewable Energy Fund I.
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
renewable electricity generation capacity due to specifics of the
production balance while their governments are supporting the
expansion of renewable energy.
The fund’s portfolio of projects under
development has a total capacity of more than 470 megawatts (MW).
That includes investments in 8 solar parks projects in Romania,
construction of which should be completed by the end of 2025. Total
investments of over EUR 330 million are envisaged in the fund’s
renewable energy projects in Romania. Once construction work on
projects in Poland is complete, the plan is to sell those solar
plants to end consumers that want to cover their own electricity
needs.
Renewable energy is an attractive asset class
from an environmental, economic and energy independence
perspective. Investing in this fund gives investors a chance to
diversify their assets geographically and contribute to mitigating
the effects of climate change.
The minimum investment in the INVL Renewable
Energy Fund I 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.
Important notice
This is a marketing communication of information
nature, which is not and shall not be construed as an offer to
purchase investment units of a collective investment undertaking,
an investment recommendation, or investment research, as it is not
designed to take into account the investment objectives, financial
situation, or needs any concrete individual investor.
When investing, the investors assume the risk
associated with the investment. The value of investments can both
rise and fall, and an investor may recover less than he/she/it has
invested. Past investment results do not guarantee the same results
or profitability in the future. Past performance is not a reliable
indicator of future performance. Before making a decision to
invest, a potential investors should, on their own or with the help
of investment advisers, assess the suitability of the investment
for them along with the taxes and fees related to the investment,
consider all the risks related to the investment, and carefully
read the rules, prospectus and other documents of the respective
collective investment undertaking.
Units of this collective investment undertaking,
mentioned in this press release may only be distributed to informed
investors as defined in the Law on Collective Investment
Undertakings for Informed Investors of the Republic of Lithuania,
as amended and supplemented from time to time, and may not be
distributed and transferred to any other clients.
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.
About the INVL group
INVL is the leading investment management and
life insurance group in the Baltic region. Its companies manage
pension and mutual funds and life insurance directions, individual
portfolios, private equity, and other alternative investments. Over
300,000 clients in Lithuania, Latvia and Estonia and international
investors have entrusted the group’s companies with the management
of more than EUR 2 billion of assets. In the business for more than
30 years now, the group has solid experience in managing private
equity assets and building market players that are leaders in their
respective fields in the Baltic countries and Central and Eastern
Europe.
The person authorised to provide additional
information:Liudas LiutkevičiusManaging Partner of the INVL
Renewable Energy Fund Iliudas.liutkevicius@invl.com
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