Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) has shared an update.
Octopus Renewables Infrastructure Trust plc reported a positive NAV total return of 2.5% for the year ending December 31, 2024, with a fully covered dividend increase in line with UK CPI. The company made significant progress in its capital allocation strategy, including the acquisition of solar farms in Ireland and the sale of a Swedish wind farm, which contributed to its operational and financial growth. Despite a reduction in NAV, the company increased its gross asset value and improved operational performance, with generation, revenue, and EBITDA all showing year-on-year growth. The company remains committed to delivering shareholder value through disciplined capital allocation and strategic investments, positioning itself well in the renewable energy sector.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust (ORIT) is a London-listed, closed-ended investment company focused on providing investors with sustainable income returns and capital growth through a diversified portfolio of renewable energy assets in Europe and Australia. As an impact fund, ORIT aims to accelerate the transition to net zero by investing in green energy and contributing to UN Sustainable Development Goals. Its investment manager is Octopus Energy Generation, which has a significant track record in renewable energy fund management.
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Technical Sentiment Signal: Buy
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