REG - Octopus Renewables - Sale of stake Simply Blue offshore wind platform

Octopus Renewables Infrastructure TrustAnnouncement

31/10/2025 07:00

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RNS Number : 5954F  Octopus Renewables Infra Trust PLC  31 October 2025

31 October 2025

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

 

Sale of stake in Simply Blue's offshore wind platform

 

Octopus Renewables Infrastructure Trust plc, the diversified renewables
infrastructure company, today announces that investee company, Simply Blue
Holdings ("Simply Blue"), has signed a Share Subscription Agreement with
Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply
Blue Energy OSW Ltd ("SBE OSW"), Simply Blue Group's offshore wind development
arm.

 

The transaction follows the recent carve-out of Simply Blue's sustainable
fuels business into a newly formed entity, Nova Scotia Fuels, and represents
the next step in realising value from ORIT's investment in Simply Blue Group's
platform business.

 

The transaction consideration is in line with ORIT's latest holding value of
Simply Blue. Proceeds from the transaction will be used in part to repay the
shareholder loan facility held by ORIT, with the residual value retained
through ORIT's ongoing minority interest in Simply Blue.

 

Chris Gaydon, co-fund manager of Octopus Renewables Infrastructure Trust plc,
commented: "This is a solid outcome in what remains a challenging market for
offshore wind developers. It reinforces our confidence in the Simply Blue team
and reflects the strength of the partnership with Kansai who are ideally
placed to move this platform forward."

 

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                     Via Burson Buchanan or

 Chris Gaydon, David Bird                                           orit@octopusenergygeneration.com (mailto:orit@octopusenergygeneration.com)

 Charlotte Edgar (Investor Relations)

 Peel Hunt (Broker)                                                 020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

 Burson Buchanan (Financial PR)                                      020 7466 5000

 Charles Ryland, Nick Croysdill, Jude Stokes

 Apex Listed Companies Services (UK) Limited (Company Secretary)     020 3327 9720

 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust ("ORIT") is a closed-ended investment
company incorporated in England and Wales admitted to the closed-ended
investment funds category of the official list and to trading on the London
Stock Exchange plc's main market for listed securities, focused on providing
investors with an attractive and sustainable level of income returns, with an
element of capital growth, by investing in a diversified portfolio of
renewable energy assets in Europe and Australia. As an impact fund, ORIT
is helping accelerate the transition to net zero by investing in green energy,
whilst also contributing to a broader set of UN Sustainable Development Goals
through its impact initiatives. ORIT's investment manager is Octopus Energy
Generation.  

 

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com/) . 

 

About Octopus Energy Generation

 

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its specialist renewable energy fund management
team invests in renewable energy assets and broader projects helping the
energy transition, across operational, construction and development stages.
The team was set up in 2010 based on the belief that investors can play a
vital role in accelerating the shift to a future powered by renewable energy.
It has a 14-year track record with approximately £7.0 billion of assets under
management (AUM) (as at 30 June 2025) across 21 countries and with a total 4.9
GW of capacity managed. Octopus Energy Generation is the trading name of
Octopus Renewables Limited.

 

Further details can be found at www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com/) . 

 

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