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Schoenherr Advises Kommunalkredit on EUR 29.3 Million Financing for Solar Power Project in Romania

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Schoenherr has advised Kommunalkredit Austria on a EUR 29.3 million loan to INVL Renewable Energy Fund I to finance the construction of a 71-megawatt solar power plant portfolio in Dolj County, Romania. 

According to Schoenherr, the newly financed project is INVL’s third large-scale solar development in Romania, expected to be completed by September 2026. INVL’s total Romanian portfolio now amounts to 356 megawatts, with investments exceeding EUR 250 million projected by 2027.

The Schoenherr team included Partner Adina Damaschin, Senior Attorneys at Law Loredana Barbu and Francesca Buta, and Associate Catrinel Ghinea.

Schoenherr did not respond to our inquiry on the matter.

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