archyworldys

INVL Renewable Energy Fund I raised 18.5 million in two weeks. EUR Business

“We are pleased with the confidence of investors and the excellent result of the start-up phase, which was achieved in a very short time – in just two weeks. In recent years, renewable energy has become a very attractive investment alternative, and more and more investors are interested in the opportunity to invest in solar and wind power plants, contribute to solving climate change problems and earn a competitive return, ”said Liudas Liutkevičius, Managing Partner of INVL Renewable Energy Fund I.

According to him, the funds entrusted to investors will start the fund’s activities by investing in two, currently the most competitive, renewable energy technologies – large-scale (utility scale) solar parks and onshore wind projects, focusing primarily on the Polish market.

“We are actively working with potential partners in the field of project development and in the near future we hope to sign the first agreements on the acquisition of project rights for solar power parks in Poland. We plan to form a portfolio of projects exceeding 400 megawatts (MW) by 2022. and the implementation of projects will start in 2023. So we are open to discussions on cooperation in the development of solar and wind energy projects between 1 and 100 MW in size. We will also evaluate all potential investments in the Baltic States and other European Union countries. When investing in renewable energy, we strive for the lowest environmental impact and strict adherence to environmental standards, ”said L. Liutkevičius.

The target size of the fund is 60 million. EUR 100 million, maximum The net return to investors is 11%. In Lithuania, the fund’s units are distributed by the financial brokerage company INVL Finasta, the minimum investment amount is 125 thousand. euros. The duration of the fund is 7 years.

.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trending