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
12
Assets committed to and invested in at construction stage:
- 6 solar
- 5 onshore wind
- 1 battery storage
448MW
Capacity built across 11 assets: 5 in the UK, 1 in France, 2 exited assets in Poland and 1 exited asset in Sweden
£15.8 m
Uplift to Net Asset Value since inception
(as of 31/03/2024)
Status of Assets Acquired at Construction Stage
Completed
199MW
Ballymacarney Solar Cluster (Ireland)
Initial four sites fully operational since December 2023
ORIT provided construction oversight under conditional acquisition
ORIT provided construction oversight under conditional acquisition
Completed
50MW
Cumberhead Wind Farm (UK)
Construction started in September 2021 and is now considered fully operational as at 31 March 2023
Completed
24MW
Cerisou Wind Farm (France)
Construction started in August 2021 with site fully operational in October 2022
In Construction
67MW
Breach Solar Farm
(UK)
Completion expected in Q2 2024
On site construction activity completed
On site construction activity completed
In Construction
Conditional Acquisition
42MW
Harlockstown, Ballymacarney (Ireland)
Completion expected in Q3 2024 Extension site progressing on schedule
(photo credit: Statkraft)
(photo credit: Statkraft)
In Construction
12MW (6MW pro-rata ownership)
Woburn Road Battery (UK)
Completion expected in 2025 Procurement activities underway
Exited
48MW
Ljungbyholm Wind Farm (Sweden)
Fully operational since June 2021
Exited in August 2024
Exited in August 2024
Exited
19MW
Krzecin Wind Farm
(Poland)
Fully operational since February 2022
Exited in December 2023
Exited in December 2023
Exited
40MW
Kuslin Wind Farm
(Poland)
Fully operational since December 2022
Exited in December 2023
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"
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Construction Stage Investments
Investing at the construction stage also delivers greater positive impact, as new clean generation capacity is added to the power network