Octopus Renewables Infrastructure Trust (ORIT) is a London-listed investment trust that focuses on renewable electricity generation assets across Europe and Australia. Launched in December 2019 ORIT is managed by Octopus Renewables Ltd, a subsidiary of the Octopus Group. ORIT’s diversified portfolio includes significant investments in wind and solar energy projects, both operational and under development

In June 2024, ORIT initiated a £10 million share buyback program to address the discount to NAV.  This has since been extended to £20m.

ORIT has secured long-term PPAs to ensure stable revenue streams. Notably, in April 2024, the trust entered a 10-year PPA with Sky UK for the Crossdykes Wind Farm, covering 69% of its output.

Whilst there are many naysayers in both the media and on the right side of the political spectrum, the UK is still committed to achieving it’s net zero targets, for which wind and solar power will remain central to this drive.  The UK remains one of the best places in the world for wind energy, particularly offshore wind. It has strong and consistent winds, especially in the North Sea. While the UK isn’t as sunny as other European countries like Spain, solar power is still growing. Improvements in solar panel efficiency mean that even lower sunlight levels can generate significant power.

ORIT is well placed to take advabtage of these political tailwinds, as discussed in the interview below with ORIT fund managers David Bird and Chris Gaydon