Source: GlobeNewswire (MIL-OSI)
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 EUR 18.5 million and proceeded to initial closing. Of these, EUR 1.24 million was invested by Invalda INVL Group together with the Fund’s partners.
“We are glad to see investors’ confidence and the excellent result for the first closing, which has been achieved in a very short time – in just two weeks. In recent years, renewable energy has become an extremely attractive investment alternative, and an increasing number of investors exhibit interest in investing in solar and wind turbines, contributing to tackling climate change, and earning a competitive return,” said Liudas Liutkevičius, Managing Partner of INVL Renewable Energy Fund I.