Investment Strategy
ORIT is actively contributing to the energy transition by investing in the development and construction of new Renewable Energy Assets alongside those already in operations, offering investors the opportunity for capital growth alongside income returns from a highly diversified portfolio
ORIT’s investment objective is to provide 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, the UK and Australia
Investment Strategy
ORIT seeks to achieve its objectives in four ways:
Diversification of Renewable Assets
ORIT's primary objective is to establish a diverse portfolio of Renewable Energy Assets. Our Investment Policy enables us to invest across different renewable technologies, geographies, and project stages. This approach minimises concentration risks while accessing a wide range of complementary opportunities
Embedding Impact into Investments
As an Impact Fund, we actively prioritise social and environmental benefits alongside financial returns. We integrate impact considerations throughout the investment process and ongoing portfolio management
Active Construction & Asset Management
Through our Investment Manager, Octopus Energy Generation, we play an active role in ensuring site safety, managing construction risks, and maximising the value of our portfolio. This includes optimising generation, dynamically managing risks, controlling costs, and implementing long-term value enhancements such as equipment upgrades or life extension
Inclusion of Construction & Development
Investing in Renewable Energy Assets during the construction-ready or development stages offers opportunities for capital growth and the ability to influence social and environmental benefits. While managing additional risks, we carefully limit investments at these stages, ensuring prudent risk management practices are followed
Investment Limits
The Company intends to invest both in a geographically and technologically diversified
spread of Renewable Energy Assets and, over the long term, it is expected that:
View Investment Policyspread of Renewable Energy Assets and, over the long term, it is expected that:
UK Concentration Limit
Investments located in the UK will represent less than 50% of the total value of all investments
Single Country Limit
Investments in any single country other than the UK will represent no more than 40% of the total value of all investments
Current Portfolio Breakdown by Country
(total value of all investments as of 31/03/2024)
Single Core Technology Threshold
Investment in (i) onshore and offshore wind farms and (ii) solar PV parks will each not exceed 60% of the total value of all investments.
Onshore and Offshore wind
Solar PV
Current Portfolio Breakdown by Technology
(total value of all investments as of 31/03/2024)
As part of our Investment Restrictions:
Development Stage Limit
Investments that are under development will represent less than 5% of Gross Asset Value*.
*Definition: “Gross Asset Value” means the aggregate of (i) the fair value of the Company’s underlying investments (whether or not subsidiaries), valued on an unlevered basis, (ii) the relevant assets and liabilities of the Company (including cash) valued at fair value (other than third party borrowings) to the extent not included in (i) or (ii) above.
*Definition: “Gross Asset Value” means the aggregate of (i) the fair value of the Company’s underlying investments (whether or not subsidiaries), valued on an unlevered basis, (ii) the relevant assets and liabilities of the Company (including cash) valued at fair value (other than third party borrowings) to the extent not included in (i) or (ii) above.
Other Technologies Limit
No more than 20% of Gross Asset Value*, calculated immediately following each investment, will be invested in Renewable Energy Assets which are not onshore or offshore wind farms and solar PV parks.
Current Portfolio Breakdown by Asset Stage
(total value of all investments as of 31/03/2024)