Investing in Construction

ORIT was set up with a particular focus on investing into assets at the construction stage, leveraging the specialist skills and track record of the Investment Manager in this area

Construction track record

13

Assets committed to and invested in at construction stage:

  • 6 solar
  • 5 onshore wind
  • 1 battery storage

448 MW

Capacity built across 11 assets: 5 in the UK, 1 in France, 2 exited assets in Poland and 1 exited asset in Sweden

£15.8m

Uplift to Net Asset Value since inception
(as of 31/12/2024)

Construction Stage Investments

Investing into construction creates the opportunity to deliver Net Asset Value growth from the reduction in discount rate which comes through successfully managing construction risks. If managed well, it costs less to acquire a ready-to-build project and fund the construction costs than it does to acquire a fully operational project

Investing at the construction stage also delivers greater positive impact, as new clean generation capacity is added to the power network

Status of Assets Acquired at Construction Stage

Completed

241 MW

Ballymacarney Solar Cluster (Ireland)

Initial four sites fully operational since December 2023. Fifth site, Harlockstown operational from September 2024. ORIT provided construction oversight under conditional acquisition

Completed

50 MW

Cumberhead Wind Farm (UK)

Construction started in September 2021 and is now considered fully operational as at 31 March 2023

Completed

24 MW

Cerisou Wind Farm (France)

Construction started in August 2021 with site fully operational in October 2022

Completed

67 MW

Breach Solar Farm
(UK)

Site operational in June 2024.

Exited

48 MW

Ljungbyholm Wind Farm (Sweden)

Fully operational since June 2021
Exited in August 2024

Exited

19 MW

Krzecin Wind Farm
(Poland)

Fully operational since February 2022
Exited in December 2023

Exited

40 MW

Kuslin Wind Farm
(Poland)

Fully operational since December 2022
Exited in December 2023

Cumberhead Windfarm
Construction Case Study

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Cumberhead Windfarm acquired by ORIT as a ready to build onshore windfarm on a subsidy-free basis

"ORIT can be really proud of the outcome: Delivery of a state-of-the-art new onshore windfarm producing completely clean energy for over 50,000 homes, a community fund worth £250,000 a year for 30 years for the locals - full project completely free of any form of subsidy"
View Investment Strategy

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