Octopus Renewables Infrastructure trust makes change to investment policy

Broadens investable universe

Octopus Renewables Infrastructure trust (ORIT) has tweaked its investment policy in order to broaden its investable universe.

In what the board has described as a "non-material change", the trust - which invests in renewable energy assets in Europe and Australia - will allow its exposure to 'development renewable energy assets' to extend beyond these regions, so long as exposure is restricted to less than 1% of the portfolio's gross asset value. According to ORIT's investment policy, it classes 'development renewable energy assets' as projects that do not yet have the necessary grid access rights, land consent, planning or regulatory consents in place, as well as any investments into development pipelines and d...