Octopus Renewables Infrastructure Trust (ORIT) has confirmed that its Q2 net asset value (NAV) has decreased by £0.3 million due to a drop in forecast wholesale power prices.
Trade body Solar Energy UK has welcomed the report by Electricity Grid Commissioner Nick Winser recommending ways to accelerate grid infrastructure build time.
The economics of developing solar have “decisively switched” according to a panel of experts this week, but development still faces a number of barriers with the most significant being the grid.
The UK’s newly introduced Electricity Generator Levy has seen Octopus Renewables’ net asset value (NAV) on its renewable portfolio decrease by £10.6 million as of 31 December 2023.
