Octopus Renewables Infrastructure Trust (ORIT)

Sector:

Investment Firms

Index:

FTSE Small Cap

71.90p
   
  • Change Today:
    -0.100p
  • 52 Week High: 80.30p
  • 52 Week Low: 61.00p
  • Currency: UK Pounds
  • Shares Issued: 546.22m
  • Volume: 601,034
  • Market Cap: £392.73m
  • RiskGrade: 98

Octopus Renewables buys 4 Irish solar farms for €160m

By Frank Prenesti

Date: Friday 02 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Octopus Renewables Infrastructure Trust said it bought four newly-constructed solar farms located close to Dublin, Ireland for €160m.
The solar complex totals 199 megawatts and was acquired from Statkraft Ireland Limited. ORIT's total capacity of operational renewable energy assets is now 735MW.

The sites generate enough green energy to power around 50,000 homes and will avoid the equivalent of around 60,000 tonnes of carbon dioxide emissions every year, ORIT said on Friday.

Microsoft has entered into a 15-year power purchase agreement to take the electricity produced at the solar farms.

ORIT said it would also buy a nearby fifth site totalling 42MW - currently under construction and is expected to become operational during the third quarter of this year.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ORIT Market Data

Currency UK Pounds
Share Price 71.90p
Change Today -0.100p
% Change -0.14 %
52 Week High 80.30p
52 Week Low 61.00p
Volume 601,034
Shares Issued 546.22m
Market Cap £392.73m
RiskGrade 98

ORIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.53% below the market average12.53% below the market average12.53% below the market average12.53% below the market average12.53% below the market average
18.28% above the sector average18.28% above the sector average18.28% above the sector average18.28% above the sector average18.28% above the sector average
Price Trend
14.98% above the market average14.98% above the market average14.98% above the market average14.98% above the market average14.98% above the market average
3.29% above the sector average3.29% above the sector average3.29% above the sector average3.29% above the sector average3.29% above the sector average
Income
45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average45.43% above the market average
88.18% above the sector average88.18% above the sector average88.18% above the sector average88.18% above the sector average88.18% above the sector average
Growth
32.86% below the market average32.86% below the market average32.86% below the market average32.86% below the market average32.86% below the market average
29.24% below the sector average29.24% below the sector average29.24% below the sector average29.24% below the sector average29.24% below the sector average

ORIT Dividends

  Latest Previous
  Q1 Q4
Ex-Div 15-May-25 13-Feb-25
Paid 30-May-25 28-Feb-25
Amount 1.54p 1.51p

Trades for 23-May-2025

Time Volume / Share Price
16:27 82 @ 72.10p
16:27 3 @ 72.10p
16:27 4 @ 72.10p
16:27 27 @ 71.90p
16:15 10,643 @ 71.94p

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