ORIT 2030

ORIT 2030 is our defined five-year strategy that provides a roadmap for capital allocation and portfolio development, ensuring capital is directed where we believe it can generate the greatest long-term value for shareholders. The strategy aims to scale ORIT significantly, driving NAV growth through investment into construction and development assets, while maintaining a progressive fully-covered dividend, underpinned by resilient cash flows.

Four strategic priorities

01

Growth: Invest for NAV growth

  • Deploy capital into higher returning investments
  • Increase target portfolio allocation to ~20% in construction assets
  • Maintain 5% allocation to developer assets
  • Accelerate NAV growth through a repeatable process of recycling, investment, improving operational performance and enhancing the value of assets

02

Scale: Build a larger, more investable company

  • Target £1 billion net asset value by 2030, to create a more liquid and investable company
  • Achieved through disciplined capital deployment and organic NAV growth, alongside potential value-accretive corporate M&A
  • Share buybacks as a tool subject to market conditions and capital allocation priorities

03

Return: Deliver attractive risk-adjusted total returns

  • Target medium-to-long-term total returns of 9-11% through a combination of capital growth and income
  • Maintain existing progressive dividend policy, while preserving full cover
  • Prudent balance sheet management, with leverage anchored at <40% GAV with the flexibility to move temporarily above this for value-accretive opportunities and strategic recycling
  • Retain diversification across core technologies and geographies

04

Impact: Scale with purpose and resilience

  • Aim to build approximately 100 MW of new renewable capacity per annum
  • Sustain ORIT's mandate, enabling new clean energy generation and supporting the energy transition

The actions taken in FY 2025, across capital recycling, operational optimisation and debt management, reflect the early execution of ORIT 2030. As market conditions evolve, ORIT is positioned to grow NAV sustainably while continuing to deliver a progressive, fully-covered dividend.

Why ORIT now

A resilient income base with a pathway to long-term growth

The Company combines a high-quality, largely contracted income base with active asset management and disciplined capital allocation. Combined with strategic asset sales, this supports dividend stability while creating flexibility to reinvest capital into higher-return opportunities.

A clear strategy for the next phase of growth

ORIT 2030 provides a practical roadmap for NAV growth through capital recycling, selective construction and development investment, and operational value enhancement, without reliance on near-term equity issuance.

Long-term tailwinds remain firmly in place

Demand for renewable energy continues to be underpinned by electrification, energy security and decarbonisation targets across ORIT's core markets. As policy support, grid reform and project pipelines progress, ORIT's diversified portfolio and development exposure position the Company to benefit from these tailwinds over time.

A platform built for today – and the future

ORIT offers investors exposure to a resilient income profile today, alongside a clearly articulated strategy to scale, grow NAV and deliver impact as market conditions evolve.

Share price trades at a discount to the underlying asset value

This dynamic offers potential upside over time as market conditions evolve and the strategy is delivered.

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