Octopus to make offshore wind core investment focus

Up to 60% of portfolio asset value

clock • 1 min read

Octopus Renewables Infrastructure Trust (ORIT) is shifting its core investment focus to include offshore wind farms, in addition to onshore wind and solar parks.

Upon shareholder approval, offshore wind will be transferred from being a ‘non-core technology' allocation, which has a limit of 20% of gross asset value, to a core wind allocation, which accounts for up to 60%.   The change will allow the trust "slightly greater flexibility" in making additional investment in offshore wind. As investments in offshore wind are typically made "on a minority basis", the allocation limit of 25% may be a limiting factor, it said. "ORIT's portfolio has now reached significant scale, with 23 solar PV assets, seven onshore wind assets and one offshore win...

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