2 November 2020
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Net Asset Value and Factsheet
The Board of Octopus Renewables Infrastructure Trust plc (the "Company" or "ORIT") announces that the unaudited net asset value ("NAV") of the Company as at 30 September 2020 on a cum-income basis was £340.3 million or 97.22 pence per ordinary share.
The Company's NAV per ordinary share has reduced by 0.36 pence per share since 30 June 2020. This small reduction was driven primarily by Company expenses, dividends paid, and a reduction in medium- to long-term power price forecasts. The reduced forecasts resulted in a negative impact of 1.0 pence per share. The reduction was offset by an increase of approximately 1.7 pence per share as a result of a reduction in the discount rates used to value the Company's portfolio, to reflect the market pricing observed in recent transactions, particularly for operational UK solar assets.
The Company's updated factsheet is available to download at: https://octopusrenewablesinfrastructure.com/investors/
For further information please contact:
Octopus Investments Limited (Investment Manager)
Matt Setchell, Chris Gaydon
Peel Hunt (Broker)
Liz Yong, Luke Simpson, Tom Pocock (Corporate Broking)
Alex Howe, Chris Bunstead, Ed Welsby (Sales)
020 7418 8900
Buchanan (Financial PR)
Charles Ryland, Kelsey Traynor, Hannah Ratcliff
020 7466 5000
PraxisIFM (Company Secretary)
Brian Smith, Tom Daish
0204 513 9260
Notes to editors
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust plc is a closed end investment company incorporated in England and Wales focused on providing 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. Octopus Investments Limited acts as the Investment Manager to the Company.
Further details can be found at www.octopusrenewablesinfrastructure.com.
About Octopus Renewables
Octopus Renewables, part of Octopus Investments and the wider Octopus Group, is a specialist clean energy investment manager with a mission to accelerate the transition to a future powered by renewable energy. Since 2010, Octopus Renewables has, on behalf of its clients, invested in a diverse portfolio of assets with a capacity of over 2.5GW and is now the largest commercial solar investor in Europe and a leading UK investor in onshore wind. Octopus Renewables is co-led by Matt Setchell and Alex Brierley and has over 70 employees in the UK and Australia.
Further details can be found at www.octopusrenewables.com
Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.