Overview
Octopus Renewables Infrastructure Trust aims to provide investors with attractive and sustainable dividends, alongside capital growth. The company will seek to achieve its investment objective through investment in renewable energy assets in Europe and Australia, comprising (i) predominantly assets which generate electricity from renewable energy sources, with a particular focus on onshore wind farms and photovoltaic solar, and (ii) non-generation renewable energy related assets, in each case either already operating, in construction or construction ready (the latter two categories must have the required grid access rights, land consents, planning and regulatory consents in place.
Investments located in the UK will represent less than 50 per cent. of gross asset value and investments in any single country other than the UK will represent no more than 40 per cent. of gross asset value. Investment in onshore wind farms are limited to 60 per cent. of GAV and so is investment in solar.
You can access the trust’s website here
Fundamentals
Price
Research History
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09 Oct 2020 2 min read
Interview with Octopus Renewables Infrastructure
In this week’s show, James Carthew talked to Matt Setchell and David Bird of Octopus Renewables Infrastructure Trust. Watch it again here If you were looking for James Carthew’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 7 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
News
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27 Jan 2021 1 min read
Octopus Renewables Infrastructure announces new €125.7m fully amortising debt facility
Octopus Renewables Infrastructure (ORIT) has successfully refinanced its portfolio of operational solar PV assets in France, which was acquired in July 2020. ORIT notes that the new €125.7m fully amortising debt facility, provided by Allied Irish Banks p.l.c., Société Générale and La Banque Postale, extends the maturity date of the financing by over 5 years to […]
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11 Jan 2021 5 min read
Octopus Renewables Infrastructure proposes amendments to its investment policy
Octopus Renewables Infrastructure (ORIT) has announced the publication of a circular to shareholders which includes details of proposed changes to its investment policy (accessible in its entirety by clicking here). ORIT noted the following: “The proposed changes broadly fall into three categories: (i) to allow limited investment, of up to 5% of gross asset value, in […]
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19 Nov 2020 1 min read
QuotedData’s morning briefing 19 November 2020
In QuotedData’s morning briefing 19 November 2020: International Biotechnology reports that an uplift in the value of its stake in SV Fund VI has added $4.8m (£4.0m) or 9.1p per share to its NAV. Octopus Renewables Infrastructure Trust has secured a committed £150m revolving credit facility (RCF) from a group of five lenders. The RCF, provided […]
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30 Oct 2020 2 min read
QuotedData’s weekly news show 30 October 2020
QuotedData’s weekly news show 30 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: a crossroads for UK Mortgages an unwelcome tender offer for shares in Alternative Income REIT Augmentum raising £28m […]
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29 Oct 2020 1 min read
Octopus Renewables Buys French wind project
Octopus Renewables Buys French wind project – Octopus Renewables Infrastructure Trust has completed the acquisition of a 100% interest in the Cerisou wind farm, a construction-ready onshore wind project in the Vienne department of France. The project has been acquired from RES SAS, part of the RES Group, a leading worldwide developer, constructor and manager of […]
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01 Oct 2020 2 min read
QuotedData’s morning briefing 1 October 2020
In QuotedData’s morning briefing 1 October 2020: Octopus Renewables Infrastructure Trust is buying four solar PV sites in Andalucia, which are expected to be ready to build by January 2023. The assets will have a total installed capacity of 175MWp and are expected to become operational in early 2024. The company is not taking any development risk […]
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03 Aug 2020 2 min read
QuotedData’s morning briefing 3 August 2020
In QuotedData’s morning briefing 3 August 2020: Fidelity Japan (FJV) reported interim results to 30 June 2020. The trust’s NAV increased by 2.3% in sterling terms, which FJV noted was ahead of its reference index which returned (0.8%) and the average of the peer group which returned 0.7%. Manager, Nicholas Price, notes that: “Japan continues to […]
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31 Jul 2020 2 min read
Octopus Renewables Infrastructure acquires French Solar assets
Octopus Renewables Infrastructure Trust (ORIT) has announced that it has signed an agreement to acquire a 100% interest in a portfolio of operational solar PV assets located across France for a cash consideration of €58.9m (£53.4m). The portfolio consists of 14 fully operational solar PV assets with a total installed capacity of 119.5MW. Following the purchase, ORIT […]
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03 Jul 2020 3 min read
QuotedData’s morning briefing 3 July 2020
In QuotedData’s morning briefing 3 July 2020: Octopus Renewables (ORIT) has provided an update on its progress in deploying the proceeds of its IPO in December 2019. In summary, it has a pipeline of approximately £1.7bn. This includes 333MW of operational and construction ready solar PV projects and construction ready onshore wind projects, located in the […]
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20 Mar 2020 3 min read
Octopus Renewables completes UK solar deal for an initial £144.3m
Octopus Renewables (ORIT) has completed the acquisition of a 100% interest in a portfolio of solar photovoltaic (PV) assets situated across the UK for an initial cash consideration of £144.3m. This portfolio forms part of the pipeline assets disclosed in the company’s prospectus dated 19 November 2019 and was acquired from an entity managed by ORIT’s manager. Today’s […]
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10 Mar 2020 3 min read
Octopus Renewables makes first post-IPO investment with €68m Swedish onshore wind farm deal
Octopus Renewables (ORIT) launched in December 2019, raising a whopping £350m (click here to read more). The company is targeting investment in construction, construction-ready and operational renewable energy infrastructure assets across the UK, wider Europe and Australia. To this end, ORIT has this morning announced its first investment since its IPO, a construction-ready onshore wind farm in Ljungbyholm, Sweden. ORIT […]
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29 Jan 2020 2 min read
Renewable energy funds under attack from brokers
Renewable energy funds under attack from brokers – Shares in many renewable energy funds slumped yesterday as first Chris Brown of JPMorgan and then Matthew Hose of Jefferies said they were overvalued. Their analysis (which we can’t show you and you can’t get hold of unless you work for a large investment firm and pay […]
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16 Jan 2020 2 min read
QuotedData’s other news 16 January 2020
In QuotedData’s other news 16 January 2020 – Bankers Investment Trust (BNKR) has reported annual results to 31 October 2019 with the global sector company delivering a total NAV return of 12.1% (the benchmark FTSE World Index returned 11.7%). BNKR’s chair, Sue Inglis, noted the following in her outlook statement: “Global economic growth remains positive, […]
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06 Dec 2019 1 min read
Octopus Renewables raises whopping £350m
Octopus Renewables raises whopping £350m – Octopus Renewables Infrastructure Trust – a new renewable energy fund targeting onshore wind and solar assets in the UK, Europe and Australia, has smashed through its £250m fundraising target in its IPO and raised a whopping £350m. As such it looks likely to take the crown for the largest […]
Upcoming Events
Videos
In The Press
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03 Nov 2020 2 min read
Investment trust IPOs: time to buy?
The Big Theme Investment trust IPOs: time to buy? By Dave Baxter, Investors Chronicle With equity markets riding high, investment trust launches are finally making an appearance this year. Home REIT (HOME), a trust that invests in accommodation for the homeless, raised £240m in October and Triple Point Energy Infrastructure Company (TEEC) amassed £100m. Other trusts that have announced plans to float include Round Hill […]
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08 Sep 2020 2 min read
Investment trust insider on new and newish funds
Investment trust insider on new and newish funds – James Carthew: Let’s hope new trusts are more open than recent launches After a long hiatus, the flotation window appears to be opening up. I thought this week I would have a look to see how the last crop of investment company launches – Nippon Active Value […]
