Investing in Construction

ORIT was set up with a particular focus on investing into assets at the construction stage, leveraging the specialist skills and track record of the Investment Manager in this area

Construction track record

7

Assets invested at construction stage:

  • 5 onshore wind
  • 1 solar
  • 1 battery storage

181MW

Capacity built across 5 assets: 1 in Sweden, 1 in France, 1 in the UK and 2 in Poland

£14.8 m

Uplift to Net Asset Value since inception
(as of 30/09/2023)

Construction Stage Investments

Investing into construction creates the opportunity to deliver Net Asset Value growth from the reduction in discount rate which comes through successfully managing construction risks. If managed well, it costs less to acquire a ready-to-build project and fund the construction costs than it does to acquire a fully operational project

Investing at the construction stage also delivers greater positive impact, as new clean generation capacity is added to the power network

Status of Assets Acquired at Construction Stage

Completed

48MW

Ljungbyholm Wind Farm (Sweden)

Construction started in April 2020 with site operational in June 2021

Completed

19MW

Krzecin Wind Farm
(Poland)

Fully operational since February 2022

Completed

24MW

Cerisou Wind Farm
(France)

Construction started in August 2021 with site fully operational in October 2022

Completed

50MW

Cumberhead Wind Farm (UK)

Construction started in September 2021 and is now considered fully operational as at 31 March 2023

Completed

49MW

Kuslin Wind Farm
(Poland)

Fully operational since December 2022

In Construction

67MW

Breach Solar Farm
(UK)

Completion expected in Q4 2023. Construction underway and progressing well

In Construction

12MW (6MW pro-rata ownership)

Woburn Road Battery (UK)

Completion expected in 2024. Procurement activities underway

Cumberhead Windfarm
Construction Case Study

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Cumberhead Windfarm acquired by ORIT as a ready to build onshore windfarm on a subsidy-free basis

"ORIT can be really proud of the outcome: Delivery of a state-of-the-art new onshore windfarm producing completely clean energy for over 50,000 homes, a community fund worth £250,000 a year for 30 years for the locals - full project completely free of any form of subsidy"
View Investment Strategy

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