5th Aug 2021 18:28
Octopus Renewables Infrastructure Trust PLC - UK-based closed-ended investor in renewable energy assets - Says it has made a non-material change to the company's investment policy to increase the "universe of development" and "developer investment opportunities available". Has amended the policy to permit investments in Development Renewable Energy Assets, which have some limited exposure to geographies outside Europe and Australia. But says the overall amount it may invest into DREA is unchanged and remains limited to 5% of gross asset value.
Chris Gaydon, investment director at Octopus Renewables, says: "ORIT's mandate remains entirely focussed on Europe and Australia, however this minor change to the investment policy will allow the Company access to a wider pool of development opportunities, for example developers with pipelines in Europe and/or Australia, who also have limited exposure outside of these geographies within their businesses."
Current stock price: 110.00 pence
Year-to-date change: down 0.2%
By Arvind Bhunjun; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Octopus Energy