Octopus Renewables Infrastructure Trust (ORIT) announced the sale of the 48 MW Ljungbyholm onshore wind farm in Sweden for €74mn.
Deal Details:
- Location: Kalmar municipality
- Asset Maturity: 3 years
- Annual Production: Over 150 GWh
- Route-to-Market: Corporate PPA with Owens Corning (7+ years remaining)
£160mn Raised in Asset Sales Since Dec '23:
- The transaction is the second sale under Octopus’ latest capital recycling program.
- In Dec'23, two wind farms in Poland were sold to ORLEN S.A. for £92m
- In Jan'24, ORIT terminated its option to acquire a 175 MW solar portfolio in Spain, resulting in a £3mn net gain.
- The program is aimed at repaying short-term debt and funding future investments.
Further initiatives in the capital recycling program are ongoing and expected to conclude in 2024.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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