Last checked at 
7 Feb 2022 07:00
7 February 2022
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Net Asset Value, Factsheet and Notice of Results
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 December 2021 on a cum-income basis was £577.7 million or 102.26 pence per ordinary share.
The Company's unaudited NAV has increased by £86.9 million or 3.10 pence per ordinary share compared to 30 September 2021. This uplift was driven primarily by increases in wholesale energy pricing in Sweden, Poland and the UK (+£22.3 million), particularly in the short-term.
Other drivers of the 31 December 2021 NAV include an increase in short term UK inflation assumptions (+£5.4 million), and the Company's recent fundraise, raising net proceeds of £72.4 million. These movements were partially offset by dividends paid of £6.2 million or 1.25 pence per ordinary share, net FX movements after hedging of -£3.2 million and other net movements of -£3.8 million, including transaction costs relating to acquisitions made during the quarter.
Factsheet
The Company's Q4 2021 factsheet is available to download at:
https://octopusrenewablesinfrastructure.com/investors/
Notice of Results
The Company's audited results for the financial year to 31 December 2021 will be published in March 2022.
For further information please contact:
Octopus Investments Limited (Investment Manager) Matt Setchell, Chris Gaydon, David Bird
| Via Buchanan |
Peel Hunt (Broker) Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking) Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)
| 020 7418 8900 |
Buchanan (Financial PR) Charles Ryland, Kelsey Traynor, Hannah Ratcliff
| 020 7466 5000 |
Sanne Fund Services (UK) Limited (Company Secretary) | 020 4513 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.
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.