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


Assets committed to and invested in at construction stage:

  • 6 solar (incl. one in conditional acquisition)
  • 5 onshore wind
  • 1 battery storage


Capacity built across 11 assets: 5 in the UK, 1 in Sweden, 1 in France and 2 in exited assets in Poland
A further 42MW is being constructed under conditional acquisition

£14.8 m

Uplift to Net Asset Value since inception
(as of 31/03/2024)

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



Ballymacarney Solar Cluster (Ireland)

Initial four sites fully operational since December 2023
ORIT provided construction oversight under conditional acquisition



Cumberhead Wind Farm (UK)

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



Cerisou Wind Farm (France)

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



Ljungbyholm Wind Farm (Sweden)

Construction started in April 2020 with site operational in June 2021

In Construction


Breach Solar Farm

Completion expected in Q2 2024
On site construction activity completed

In Construction

Conditional Acquisition


Harlockstown, Ballymacarney (Ireland)

Completion expected in Q3 2024 Extension site progressing on schedule
(photo credit: Statkraft)

In Construction

12MW (6MW pro-rata ownership)

Woburn Road Battery (UK)

Completion expected in 2025 Procurement activities underway



Krzecin Wind Farm

Fully operational since February 2022
Exited in December 2023



Kuslin Wind Farm

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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