Major Boost for Romanian Solar Energy: EBRD and Eiffel Investment Group Fund 60MW Solar Plant
The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are joining forces to fund the construction of a 60MW solar power plant in Romania, spearheaded by the INVL Renewable Energy Fund 1. This exciting development marks a significant step forward in Romania’s renewable energy landscape. The EBRD and Paris-based Eiffel Investment Group’s Energy Infrastructure Investment Fund are each providing €12.2m, totaling €24.4m, to support this ambitious project. The managing partner at INVL Renewable Energy Fund 1, Liudas Liutkevičius, expressed gratitude for the support:
“We greatly appreciate the trust and recognition shown to us by the EBRD and Eiffel Investment Group. The funding not only enables us to accelerate the construction of the solar power plants already in progress in Romania, but also to make a significant contribution to the expansion of Romania’s renewable energy generation capacity.” Located in Dolj County, this 60MW solar project is the second major venture for the Fund in Romania. The construction of additional solar power plants, with a combined capacity of 51MW, is expected to be completed by the end of September this year. Overall, the INVL Renewable Energy Fund 1 is making substantial investments in eight solar projects in Romania, with a total capacity of 451MW. When combined with their ongoing projects, the Fund’s portfolio boasts a formidable 483MW of renewable energy capacity. Beyond Romania, the Fund is also developing solar park projects in Poland, adding over 32MW of capacity. The total investments in Romania and Poland are projected to exceed €330m, with all solar parks slated for completion by the end of the third quarter of 2026. This strategic investment highlights the commitment to renewable energy in Eastern Europe and promises a brighter, more sustainable future for the region. #RenewableEnergy #SolarPower #GreenInvestment #EBRD #EiffelInvestmentGroup #Romania #INVLFund #SustainableFuture #CleanEnergy #EnergyTransition #EasternEurope