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)
368.20
Listing/Admission to trading
10 Dec 2019
Looking for new and recent issues?

More recent

82.8
Launch of Solar Energy UCITS ETF on London Stock Exchange offers Europe’s first pure-play exposure to the global solar energy industry

The launch of Europe’s first Solar Energy UCITS ETF on the HANetf platform will deliver pure-play exposure to the rapidly-growing global solar industry as it builds to be the largest source of global energy capacity.  The Solar Energy UCITS ETF (LSE ticker: TANN) ‘TANN’ will list on London Stock Exchange in June and will be passported for sale across Europe.

Solar energy is the f

Learn more
82.8
London Stock Exchange welcomes HANetf Celebrating the launch of the Airlines, Hotels and Cruise lines UCITS ETF

Launch of Europe’s first Airlines, Hotels and Cruise Lines ETF enables investors to participate in recovery of travel industry 

The launch of Europe’s first Airlines, Hotels and Cruise Lines ETF on the HANetf platform will deliver exposure to the travel industry as it tracks global airline companies, hotel businesses and cruise line operators. &nb

Learn more
102.96
London Stock Exchange welcomes Procure Space and HANetf Celebrating the launch of the Procure Space UCITS ETF

European investors are being given the chance to access the expanding space economy through the launch of Europe’s first Space ETF, Procure Space UCITS ETF (ticker: YODA) ‘YODA’ which lists on London Stock Excha

Learn more
102.96
London Stock Exchange welcomes Fischer Gaming and HANetf Celebrating the launch of the Fischer Sports Betting and iGaming UCITS ETF

HANetf are delighted to announce the launch of Europe’s first Sports Betting and iGaming ETF on the London Stock Exchange. The Fischer Sports Betting and iGaming UCITS ETF will deliver exposure to the sports betting and iGaming and betting industry as it tracks a selection of leading co

Learn more