Schoenherr has advised Kommunalkredit Austria on a EUR 25 million loan to the INVL Renewable Energy Fund I to finance the construction of solar power plants with a total capacity of 51 megawatts in Romania. Glodeanu & Partners advised the INVL fund. Sorainen reportedly advised Kommunalkredit as well.
Kommunalkredit is a specialist in infrastructure and energy financing.
Established in 2021 by INVL Asset Management – part of INVL, a Baltic investment management and life insurance group – the INVL Renewable Energy Fund I is a sub-fund for professional investors.
The Schoenherr team included Partner Martin Ebner, Counsel Adina Damaschin, Senior Attorney at Law Alexandra Pop, Attorney at Law Loredana Barbu, and Associate Nikolaus Muellner.
The Glodeanu & Partners team included Co-Managing Partner Cezar Gusu, Partner Cristina Gavrila, Senior Associate Patricia Vilceanu, and Associates Alexandru Franz Pruteanu and Sergiu-Ionut Visa.
