Lithuania's INVL sets up renewable energy fund

Green Energy

INVL Asset Management, one of Lithuania's leading asset management companies, has established INVL Renewable Energy Fund I (REFI), which will invest in renewable energy assets in the European Union, mainly in Poland.

The fund targets EUR 60 million (USD 70.7 million) in assets under management, with the hard cap set at EUR 100 million, the parent company said on Tuesday.

It will target a net return to investors of 11%. INVL Renewable Energy Fund I (REFI) will focus on investments in continental wind and utility-scale solar photovoltaic (PV) assets.

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