INVL Renewable Energy Fund I, a fund managed by INVL Asset
INVL Renewable Energy Fund I, which will invest in renewable energy projects and is managed by INVL Asset Management, one of the leading asset management companies in Lithuania, raised € 18.5 million and proceeded to the initial closing. Of these, 1.24 million euros have been invested by Invalda INVL Group with Fund partners.
“We are pleased to see the confidence of investors and the excellent result of the first closing, which was achieved in a very short time – in just two weeks. In recent years, renewable energies have become an extremely attractive investment alternative, and a growing number of investors are interested in investing in wind turbines and wind turbines, thus helping to combat climate change and achieve a competitive return. ”Said Liudas Liutkevičius, Managing Partner of INVL Fund for Renewable Energy I.
According to him, with the support of investors, the fund will start investing in two of the most competitive renewable energy technologies today: large-scale solar and onshore wind farms, focusing mainly 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 for the acquisition of rights to solar farm projects in Poland. We plan to form a portfolio of projects, over 400 megawatts (MW), by the end of 2022 and the implementation of the projects is expected to start in 2023. Therefore, we are open to discussions on cooperation in the development of solar and wind power projects. between 1 and 100 MW. We will also assess all potential investments in the Baltic States and other countries of the European Union. By investing in renewable energies, we are aiming for the lowest environmental impact and strict compliance with environmental standards, ”said L. Liutkevičius.
The target fund size is 60 million euros, the maximum is 100 million euros and the expected net return for investors is 11%. In Lithuania, the fund units are distributed by the financial brokerage firm INVL Finasta, with a minimum investment amount of 125 thousand euros. The duration of the fund – 7 years.
About the INVL Renewable Energy Fund I
Created on July 20, 2021 by the asset management company INVL Asset Management, a compartment dedicated to sophisticated investors, which will invest in green field and brown field renewable energy projects (solar, wind), also including the construction of new power plants, the acquisition of existing power plants, the creation / acquisition of the necessary infrastructure for the operation of power plants and the efficient management of existing power plants in the European Union, Great Britain and the Member States of the European Economic Area.
The person authorized to provide additional information:
Liudas Liutkevičius, Managing Partner of the INVL Fund for Renewable Energy I
Email [email protected]