London Stock Exchange today welcomes Octopus Renewables Infrastructure Trust plc

London Stock Exchange today welcomes Octopus Renewables Infrastructure Trust plc (‘ORIT’), a new investment trust investing in renewable energy assets. Today’s ceremony is to mark the admission of ORIT’s shares to trading on the premium segment of the main market.

Octopus Investments Limited, ORIT’s investment manager, was founded in 2000, has 19 years’ experience in alternative investment solutions. Octopus Renewables was set up in 2010 as the specialist renewable energy investment business within Octopus Investments Limited. Octopus Renewables is now one of the largest renewable energy investors in the UK with assets under management valued at c.£3 billion.

ORIT’s investment objective is to provide investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia. ORIT’s focus is predominantly on assets which generate electricity from renewable energy sources, particularly onshore wind farms and photovoltaic solar parks, and can also invest in non-generation renewable energy related assets. ORIT is able to invest into already operating, in construction and construction ready renewable energy assets.

The IPO raised gross proceeds of £350 million, with demand significantly exceeding both the target issue size and the maximum issue size. ORIT’s launch is the largest renewables infrastructure investment trust IPO to date in 2019.

Peel Hunt LLP is acting as the sole corporate broker to the Company. 

Matt Setchell, Co-Head of Octopus Renewables said:

“We are delighted with the result of the successful IPO, which is a significant and exciting milestone for both the Company and Octopus Renewables. We look forward to increasing renewable infrastructure both in the UK and internationally and helping to mitigate climate change which is vital for us and future generations.”

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
385.00
Listing/Admission to trading
10 Dec 2019
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