Octopus Renewables Infrastructure Trust (ORIT) expanded its portfolio by 179MW over the last year, and is looking to capitalise on high commodity prices to continue its growth over the coming year.
High power prices in the UK and Europe have pushed up the net asset value (NAV) of Octopus Renewables Infrastructure Trust’s (ORIT) portfolio, hitting £577.7 million or 102.26 pence per ordinary share at the end of 2021.
Octopus Renewables Infrastructure Trust (ORIT) has raised aggregate gross proceeds of approximately £73.9 million from its placing and REX retail offer.
Octopus Renewables Infrastructure Trust (ORIT) has announced its intention to conduct a placing of up to 70,000,000 new ordinary shares to raise around £73.9 million.
Octopus Renewables Infrastructure Trust (ORIT) saw its gross asset value (GAV) continue to grow, as it looks optimistically towards future renewables growth post-pandemic.
The Octopus Renewables Infrastructure Trust (ORIT) has announced plans to raise approximately £100 million through a proposed issue of further ordinary shares.
Despite the uncertainty created by COVID-19, Octopus Renewable Infrastructure Trust’s (ORIT) dividend remains on track as the company releases its full interim results.