Octopus Energy Regulatory News (ORIT)

10 May 2021

LEI: 213800B81BFJKWM2JV13

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 31 March 2021 on a cum-income basis was £340.9 million or 97.39 pence per ordinary share.

The Company's NAV per ordinary share has decreased by 0.87 pence per share since 31 December 2020. This small reduction was driven primarily by Company expenses, dividends paid, assumption of a short term increase in the UK corporation tax rate and movements in the GBP EUR FX rate in the quarter. These movements were partially offset by an increase in medium to long-term power price forecasts and a reduction in the discount rate to reflect the lower construction risk premium on the Company's Swedish portfolio, as grid connection and mechanical completion have been achieved on schedule, along with the expected return on the portfolio.

The Company's updated factsheet is available to download at: https://octopusrenewablesinfrastructure.com/investors/

For further information please contact:

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.

Further details can be found at www.octopusrenewablesinfrastructure.com 

About Octopus Renewables

Octopus Renewables is a specialist clean energy investor. Launched in 2010 its mission is to accelerate the transition to a future powered by renewable energy. It has a diverse portfolio of assets with a capacity of over 2.8GW, making it the largest commercial solar investor in Europe and a leading investor in onshore wind.

Octopus Renewables is also leading the next wave of renewables being built across Europe and Australia without government subsidies. There is a significant opportunity to unblock much needed investment by building bespoke portfolios of renewable assets at scale, across technologies and countries, to create better outcomes for our investors. 

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.