The Octopus Renewables Infrastructure trust (ORIT) has raised another £150m, exceeding its target by £50m. The manager told Investment Week there are opportunities arising in new markets such as Poland and Germany.
The board of the trust decided to increase the issue size due to the investment pipeline and investor demand. The company will issue a total of 145 million ordinary shares at an issue price of 103.5p per ordinary share. Chris Gaydon, investment director at Octopus Renewables, said the oversubscribed fundraising "highlights investors' appetite for exposure to the renewable energy sector" and the "merits of ORIT's strategy". "The money raised will allow us to invest into further assets as we continue to diversify ORIT's portfolio, creating long-term sustainable income for sharehold...
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