Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
Octopus Renewables Infrastructure Trust Plc has announced the sale of its Ljungbyholm wind farm in Sweden for €74 million to a German institutional investor, a move consistent with its strategy of capital recycling. The sale is expected to yield an 11% IRR from ORIT’s initial investment and will contribute to the reduction of the company’s short-term debt. This divestiture follows recent sales of renewable assets in Poland and Spain, highlighting ORIT’s ongoing efforts to manage and offload investments to support their financial objectives.
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