Octopus Renewables Infrastructure Trust plc (“ORIT”) is an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing 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 across Europe, the UK and Australia

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Investor Meet Company

Register to attend ORIT's upcoming Annual General Meeting via Investor Meet Company

Date : 19th June 2024

Time : 10:00am UK time

Listed on the premium segment of the main market of the London Stock Exchange
Promoted to FTSE 250 less than 3 years after IPO

Octopus Energy Generation
ORIT's appointed Investment Manager

Investment company listed on the premium segment of the main market of the London Stock Exchange. ORIT is investing in a diversified portfolio of renewable energy assets. Appointed Investment Manager: Octopus Energy Generation
Renewables Investment Manager, managing 12 funds with £5.8 billion of AUM*. 350+ large-scale energy assets acquired since 2010 and 110+ investment professionals and specialists. Trading name of Octopus Renewables Limited, part of the Octopus Energy Group

* As at 31 March 2023, AUM calculated [xx]

We focus on Diversification to improve investor outcomes

ORIT’s mandate is designed to offer investors the benefits of a highly diversified portfolio,
by investing in a number of different core renewable energy technologies, across a wide range of countries

6

Countries

251MW

Onshore Windfarms (7 sites)

42MW

Offshore Windfarm (1 site)

551MW

Solar Plants  (27 sites) & one 42MW under conditional acquisition

6MW

Battery Storage Plant (1 asset, pro-rata)

380MW

constructed to date, incl. construction oversight of 199MW

5

Investments in Developers

(As of 31/03/2024)
*Figures pro-rata of ownership

ORIT Capital Markets Day 2024

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Our ESG & Impact Pillars

ORIT is an Impact Fund with a core objective to accelerate the transition to net zero through its investments, building and operating a diversified portfolio of Renewable Energy Assets. As a Sustainable Finance Disclosure Regulation (“SFDR”) Article 9 Impact Fund with an aim for 100% EU Taxonomy-aligned investments, ORIT enables its investors to contribute to the ‘Just Transition’, encouraging wider and fairer distribution of benefits as the world switches to clean energy.

1,569GWh

Potential annual renewable electricity generated once fully operational (31/03/2024)

Performance

Build and operate a diversified portfolio of Renewable Energy Assets, mitigating the risk of losses through robust governance structures, rigorous due diligence, risk analysis and asset optimisation activities to deliver investment return resilience
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Planet

Consider environmental factors to mitigate risks associated with the construction and operation of assets, enhancing environmental potential where possible
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400k

Equivalent tonnes of carbon avoided for the year (31/03/2024)

8,500+

Direct beneficiaries from social initiatives in 2023 (31/03/2024)

People

Evaluate social considerations to mitigate risks and promote a ‘Just Transition’ to clean energy
Learn More

ORIT Company Timeline

04/2024

PPA signed
The Crossdykes wind farm in Lanarkshire, Scotland has entered into a PPA with Sky UK Limited. The media and telecoms corporation will purchase the majority of the electricity produced by the 46 MW wind farm

02/2024

Irish solar acquisition
Completed the acquisition of four newly-constructed solar farms in Ireland totalling 199MW, referred to as the Ballymacarney solar complex. A fifth (extension) site called Harlockstown is currently under construction

01/2024

Exit from solar assets option
Successful exit from option to acquire 175MW of readyto- build solar projects in Spain at above holding value

12/2023

Community benefits fund
Launch of a voluntary Community Benefits Fund around the two onshore wind farms in Southwest Finland, Saunamaa and Suolakangas, to support the local community

12/2023

Onshore wind farms sale
Completed the sale of the two wind farms in Poland to an affiliate of the Polishbased listed multi-energy company, Orlen S.A.

12/2023

Contract secured
HYRO developer platform secures a CfD from the Department for Energy Security and Net Zero for a 15MW hydrogen electrolyser project

09/2023

Community benefits fund
Announcement of the Cumberhead Wind Farm Community Benefits Fund’s first-round awardees for social initiatives in the Coalburn and Lesmahagow areas (50% of the Community Fund). The Community Fund is worth a total of £250,000 per year for 30 years

08/2023

Developer investment
ORIT has agreed to invest up to £2m to set up and fund a new development business, focused on creating new ground-mounted solar PV and co-located battery storage assets in the UK

06/2023

Board of Directors
Appointment of Sarim Sheikh as an Independent Non-Executive Director with effect from 1 June 2023. Mr. Sheikh has more than 25 years of working in the energy sector across Europe, Latin America, Africa and Asia

04/2023

Developer investment
Agreement to invest up to £5m into HYRO a new joint venture alongside Sky (Octopus Energy Generation) and RES to develop green hydrogen electrolysis projects

03/2023

Solar project PPA
Entered into an inflation-linked PPA with Iceland Foods for its Breach Solar Farm (expected to become operational in H2 2023)

03/2023

Solar projects conditional acquisition terms
Renegotiated the contingent acquisition of Spanish solar PV assets no longer having an obligation but an option to acquire the assets once they reach ready to build status

02/2023

Revolving Credit Facility
Increased the RCF to a total facility of £271m and extended term for a further 3 years

02/2023

Solar project conditional acquisition
Commitment into a fifth site as part of the conditional acquisition of Irish solar PV sites

01/2023

Battery storage project acquisition
Completed the acquisition of a 50% stake in a ready-to-build battery storage project in Bedfordshire, UK

12/2022

Developer increased interest
Acquired further interest in Irish based developer, Simply Blue

11/2022

FTSE 250
Promoted to FTSE 250, less than 3 years after IPO

11/2022

Operating onshore wind farm
24MW French onshore wind farm operational

11/2022

Onshore wind farm acquisition
Acquired 51% stake in 46MW operational onshore wind farm in Scotland, UK

10/2022

Onshore wind farm acquisition
Acquisition of 34.6MW operational onshore wind farm in Germany

09/2022

Offshore wind farm increased interest
Increased interest in 270MW UK offshore wind farm from 7.75% to 15.5%

07/2022

Revolving Credit Facility
Extended the RCF to a total facility of £246m

06/2022

Solar project acquisition
Acquisition of 67MW ready-to-build solar PV project in Cambridgeshire, UK

06/2022

Battery storage project conditional acquisition
Conditional acquisition of 50% stake in ready-to-build battery storage project in Bedfordshire, UK

04/2022

Offshore wind farm acquisition
Acquisition of 7.75% interest in 270MW UK operational offshore wind farm

04/2022

Developer investment
Commitment into development platform focused on Finland

02/2022

Operating onshore wind farm
19MW Polish onshore wind farm fully operational

12/2021

Onshore wind JVs
Investment in UK onshore wind joint ventures

12/2021

Onshore wind farms acquisition
Acquisition of two onshore wind farms in Finland

12/2021

Capital raise
Second capital raise following IPO of £73.9m

10/2021

Onshore wind projects acquisition
Acquisition of two Polish in-construction wind projects

10/2021

Onshore wind projects acquisition option
Option to acquire two Finnish onshore wind projects

08/2021

Developer investment
Investment in floating offshore wind developer

07/2021

Solar projects conditional acquisition
Conditional acquisition of Irish solar PV sites

07/2021

Capital raise
First capital raise following IPO of £150m

07/2021

Operating onshore wind farm
48MW Swedish wind farm operational

06/2021

Onshore wind farm conditional acquisition
Conditional acquisition of Cumberhead Wind Farm

04/2021

Refinancing
Successful refinancing of Cerisou Wind Farm

03/2021

Dividends
Interim dividend paid to investors for Q4 2020 of 1.06p, taking the total dividend for FY 2020 to 3.18p, meeting our stated target

01/2021

Refinancing
Successful refinancing of French solar portfolio debt

01/2021

Refinancing
Refinanced the French solar portfolio raising €125.7m of fully amortising debt with final repayment in December 2038 and all-in interest cost of 1.13%

10/2020

Revolving Credit Facility
Secured a committed £150m Revolving Credit Facility with a further uncommitted accordion of £100m

10/2020

Dividends
Interim dividend paid to investors for Q3 2020 of 1.06p

10/2020

Onshore wind farm acquisition
Acquisition of Cerisou, a construction ready onshore wind farm in France with total acquisition and construction costs of €56m. IPO proceeds fully committed

09/2020

Solar projects conditional acquisition
Conditional acquisition of four solar sites in Spain committing €37.8 million, expected to be ready to build by January 2023 with additional construction costs of €82 million

09/2020

Impact Strategy
Impact strategy published

08/2020

Dividends
First dividend paid to investors for each H1 2020 of 1.06p

07/2020

Solar sites acquisition
Acquisition of 14 operational French solar sites for €58.9 million, with existing project finance of €99 million

03/2020

Onshore wind project acquisition
First investment of €68 million into Ljungbyholm Wind farm, a construction ready onshore wind farm in Sweden

03/2020

Solar sites acquisition
Acquisition of eight operational UK solar sites for £144.3 million

12/2019

LSE admission
Admission to the premium segment of the main market of the London Stock Exchange
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