Octopus Renewables Infrastructure Trust

Net Asset Value • Feb 7, 2022

National Storage Mechanism | Additional information

RNS Number : 8002A

Octopus Renewables Infra Trust PLC

07 February 2022

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 

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