Octopus Renewables Infrastructure Trust is a large

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English ...

investment trust An investment trust is a form of investment fund found mostly in the United Kingdom and Japan. Investment trusts are constituted as public limited companies and are therefore closed ended since the fund managers cannot redeem or create shares. ...

dedicated to investment in electricity generation assets in countries including the UK, France and Spain. It floated on the London Stock Exchange in December 2019, raising £350m. FTSE Russell announced have announced that it will join the

FTSE 250 Index The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...

on 24 November 2022. The chairman is Phil Austin. Its investment manager is Octopus Renewables Ltd, part of

Octopus Group Octopus Capital Limited, trading as Octopus Group, is a privately held United Kingdom based holding company founded in 2000 by Simon Rogerson, Christopher Hulatt, and Guy Myles as a fund management company. Through its subsidiaries, it operates ...

, who replaced Octopus Investments Ltd, also part of Octopus Group, in June 2021. It owns a 15.5% stake in the

Lincs Wind Farm The Lincs Wind Farm is a 270 MW offshore wind farm off Skegness on the east coast of England. The total cost of the project is estimated at £1 billion including electrical transmission links. The farm was completed in 2013. It is adj ...

. The company had net assets of £578million as at 31 December 2021. In June 2022, the company acquired the Cambridgeshire-based Breach Solar Farm and, in August 2022, it acquired a 51% stake in the Crossdykes Onshore Wind Farm.

References

External links

Official site
Financial services companies established in 2019 Investment trusts of the United Kingdom Companies listed on the London Stock Exchange {{UK-finance-company-stub