Octopus to make offshore wind core investment focus

Up to 60% of portfolio asset value

clock • 1 min read
Increases allocation to offshore wind farms, as well as onshore and solar.

Increases allocation to offshore wind farms, as well as onshore and solar.

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...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

Chris Sherwell voted off TI1 board by shareholders

Shareholders oust Trian 1 Investors chair

Narrow 50.72% to 49.28% vote

clock 08 August 2022 • 2 min read
GMAP Dynamic also received a red rating

Property fund raises red flags at Royal London

Assessment of Value report

James Baxter-Derrington
clock 04 August 2022 • 2 min read
FCA guidance means platforms will play a more important role

Platforms ceiling on fund charges: Duty to consumers or a step too far?

New FCA guidance

Kathleen Gallagher
clock 04 August 2022 • 6 min read