INVL Asset Management, one of the leading asset management companies in Lithuania, has established INVL Renewable Energy Fund I (REFI), which will invest in renewable energy facilities in the European Union, mainly in Poland.
The Fund seeks to reach a target size of EUR60 million (US$70.78 million). INVL Renewable Energy Fund I will focus on two currently most competitive renewable energy technologies - onshore wind and utility-scale solar power plants.
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