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Octopus Renewables targets £100m with new share offer


Published: 10 Jun 2021, 11:28
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Image: ORIT.
The Octopus Renewables Infrastructure Trust (ORIT) has announced plans to raise approximately £100 million through a proposed issue of further ordinary shares.
This would enable the investment manager to target continued expansion of its diversified portfolio across different jurisdictions and different technologies. It has identified a number of renewable energy assets with an aggregate value of approximately £1.3 billion that would meet the company’s investment policy and are therefore suitable for acquisition.
These assets are located in the UK, as well as in Germany, Ireland, Poland, Sweden and Finland. ORIT has undertaken preliminary due diligence in relation to this pipeline of assets, and made non-binding offers. The pipeline has a value of approximately £256 million under exclusivity to the company. Of this, 71MW are held in Octopus Managed Funds. ....

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Chile catches the sun with 10,000 mirrors | Business| Economy and finance news from a German perspective | DW

At the new Cerro Dominador solar plant, Chile harnesses the power of the sun with more than 10,000 mirrors. The sun's rays are being fed into a giant power tower that can even store the energy during the night. ....

Cerro Dominador , சிஇஆர்ஆர்ஓ ஆதிக்கம் செலுத்துபவர் ,