As set out in the Company s announcement of its Final Results released on 15 March 2021, the Directors identified a potential procedural issue in respect of the payment of the first interim dividend covering the period from the Company s IPO on 10 December 2019 to 30 June 2020 of 1.06 pence per Ordinary Share paid on 21 August 2020 (the First Interim Dividend ), which may have resulted in the First Interim Dividend having been made otherwise than in accordance with the Companies Act 2006 (the Act ). The total aggregate amount of the First Interim Dividend was £3,710,000. The Company s historic reported trading results and financial condition, the dividends declared in respect of Q3 2020, Q4 2020 and Q1 2021 and the Company s ability to pay future dividends are entirely unaffected.
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Octopus Renewables sells 173MW solar portfolio in Italy
The portfolio involves nine projects north of Rome and eight on the island of Sardinia
Image: Shutterstock
Octopus Renewables, the clean energy investor arm of Octopus Group, has agreed to sell 173MW solar portfolio in Italy to the local utility A2A for €205 million (£178m).
The portfolio includes nine sites in the Lazio region, north of Rome and eight on the island of Sardinia.
Matt Setchell, Co-Head of Octopus Renewables, said: “The nature of these sites makes them well suited for the addition of energy storage and hydrogen infrastructure, while the absence of subsidies and a forward-looking PPA strategy allows these new technologies to be easily accommodated.”
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. 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-