Octopus Renewables Infrastructure Trust

From Wikipedia, the free encyclopedia

Octopus Renewables Infrastructure Trust is a large British investment trust dedicated to investment in electricity generation assets in countries including the UK, France and Spain.[1] It floated on the London Stock Exchange in December 2019, raising £350m.[2] It is a constituent of the FTSE 250 Index i.e. one of the largest companies on the London Stock Exchange.[3]

The chairman is Phil Austin.[4] Its investment manager is Octopus Renewables Ltd, part of Octopus Group, who replaced Octopus Investments Ltd, also part of Octopus Group, in June 2021.[5] It owns a 15.5% stake in the Lincs Wind Farm.[6][7]

The company had net assets of £578 million as at 31 December 2021.[8]

In June 2022, the company acquired the Cambridgeshire-based Breach Solar Farm[9] and, in August 2022, it acquired a 51% stake in the Crossdykes Onshore Wind Farm.[10]

References[edit]

  1. ^ "Octopus Renewables Infrastructure Trust plc: Annual Report". Companies House. 31 December 2020. Retrieved 7 July 2021.
  2. ^ Thicknesse, Edward (6 December 2019). "New Octopus Renewables trust smashes target in £350m float". City A.M. Retrieved 27 February 2020.
  3. ^ "Euromoney Institutional Investor (UK): Constituent Deletion - Update: Changes in FTSE UK Index Series". FTSE Russell. 21 November 2022. Retrieved 23 November 2022.
  4. ^ "Osborne Clarke advises Octopus Renewables Infrastructure Trust and Sky Renewables". Osborne Clarke. 28 April 2022. Retrieved 23 November 2022.
  5. ^ "Octopus Renewables - Further Investment Management Update". Proactiveinvestors UK. 30 June 2021. Retrieved 2021-07-07.
  6. ^ "Octopus Renewables Trust makes wind farm investments in UK and Germany". IPE Real Assets. 16 September 2022. Retrieved 23 November 2022.
  7. ^ "Octopus Renewables increases ownership of Lincs Wind Farm". 4C Offshore. 16 September 2022. Retrieved 23 November 2022.
  8. ^ "Annual Report". Octopus Renewables Infrastructure Trust plc. 31 December 2021. Retrieved 23 November 2022.
  9. ^ "Octopus Renewables Infrastructure Trust snaps up solar and battery storage plant". City AM. 17 June 2022. Retrieved 23 November 2022.
  10. ^ "Octopus Renewables invests in 48-MW unsubsidised wind farm in Scotland". Renewables Now. 12 August 2022. Retrieved 23 November 2022.

External links[edit]