REG - Octopus Renewables - Sales of stakes in two projects

Octopus Renewables Infrastructure TrustAnnouncement

22/12/2025 12:45

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RNS Number : 5177M  Octopus Renewables Infra Trust PLC  22 December 2025

22 December 2025

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

 

Sales of stakes in two projects

Transactions take ORIT's total sales proceeds in 2025 to £74.3 million

 

Octopus Renewables Infrastructure Trust plc, the diversified renewables
infrastructure company, today announces that it has signed agreements for two
further operational asset sales: the disposal of a 49% stake of its full
ownership in the 67 MW Breach solar farm in Cambridgeshire ("Breach"), and the
disposal of 51% (ORIT's entire holding) in the 46 MW Crossdykes onshore wind
farm in Scotland ("Crossdykes").

 

Both sales have been agreed in line with their holding valuations. Together
with the Company's previously announced exits from Simply Blue's offshore wind
platform and the HYRO green hydrogen and e-fuels development platform in
October 2025, the transactions will take ORIT's total proceeds from sales
during 2025, including deferred components, to £74.3 million.

 

The 49% stake in Breach is being acquired by Tokyo Century Corporation ("Tokyo
Century"), which will also acquire 49% of Crossdykes. ORIT has signed an
agreement to sell the remaining 2% of Crossdykes to the Octopus Energy
Generation-managed Octopus Renewables Infrastructure SCSp fund, at the same
valuation, which already owns 49% of this asset. Completion is expected to
occur next week.

 

ORIT acquired both assets in 2022. Crossdykes was purchased shortly after
becoming operational, while Breach was acquired at the pre-construction stage
- providing another example of ORIT managing the advancement of a project
across its entire lifecycle, from the construction phase to operations and
finally concluding with a successful exit. The Company will retain a 51% stake
in Breach, which has the right to add battery storage for connection in 2029.
A decision regarding this investment will be made by both ORIT and Tokyo
Century at a later date.

 

The proceeds from the two sales received will be used to pay down leverage,
in-line with the Company's capital allocation objectives set in March 2025.
This paves the way for future investment into construction opportunities, as
outlined in the ORIT 2030 strategy announced in September 2025. OEGen is in
active dialogue on further potential sales.

 

Philip Austin, Chair of Octopus Renewables Infrastructure Trust plc,
commented: "We are delighted to have completed these asset sales,
representing continued delivery of ORIT's capital recycling programme, and
realising total proceeds of £74 million in 2025. This also reinforces
confidence in our underlying asset valuations and discussions with prospective
buyers for other assets continue to progress. These divestments will enable
ORIT to reduce debt and move forward with investment into higher-growth
opportunities, which the manager is already pursuing as a key part of our
'ORIT 2030' strategy. We also look forward to our ongoing partnership with
Tokyo Century through the Breach project, and potential future opportunities
that this may bring."

 

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 September 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/) . 

 

About Tokyo Century Corporation

Tokyo Century Corporation (President & CEO, Representative Director: Koji
Fujiwara; Head office: Chiyoda-ku) is a highly specialized financial services
company that offers an extensive range of products and services including
equipment leasing, mobility, specialty financing, and international business.
As a company that promotes the realization of an environmentally sound,
sustainable economy and society, Tokyo Century is actively expanding its
Environmental Infrastructure business, which includes renewable energy
generation and other decarbonization initiatives.  Tokyo Century is listed in
the Tokyo Stock Exchange (8439), and its major shareholders include Itochu
Corporation, Mizuho Financial Group, and NTT.

Further details can be found at https://www.tokyocentury.co.jp/en/
(https://www.tokyocentury.co.jp/en/) .

 

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