Image: Octopus Energy
Octopus Renewables Infrastructure Trust, part of the Octopus Group, has secured a €43 million (£37m) loan that will allow the company to finance a newly acquired onshore wind farm in France.
The finance, provided by the French investment bank Societe Generale, is predicted to fund the construction, commissioning, operation and maintenance of the 24MW Cerisou wind project.
Acquired in October last year, the project is expected to be fully operational next year.
Chris Gaydon, Investment Director at Octopus Renewables, said: “The competitiveness of the financial and commercial terms achieved with Societe Generale will allow the company to optimise returns and cash yield as well as maximising operational flexibility.”
TRADING UPDATES: Porvair, Brickability start 2021 with solid trading
Tue, 20th Apr 2021 18:31
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Renalytix AI PLC - Cardiff, Wales-based clinical diagnostics company - Says new study in KidneyIntelX test accurately predicted progression of diabetic kidney disease in a multinational cohort from the CANagliflozin CardioVAScular Assessment Study with early-stage DKD. The clinical outcome data suggests that KidneyIntelX risk assessment could support primary care physicians in making appropriate therapeutic intervention decisions with early-stage DKD patients to effectively delay progression and reduce the risk of adverse events, company says. Results presented showed comparable risk-stratification with prior validation studies, company adds.
LONDON BRIEFING: ASOS and Dunelm see lockdown online sales boom
Thu, 8th Apr 2021 08:15
(Alliance News) - ASOS emerged as a clear winner from the pandemic shift to online shopping on Thursday, while bricks-and-mortar retailer Dunelm saw its digital offering soothe the pain of store closures.
ASOS said it delivered a strong performance in the first half of the financial year as the fast-fashion retailer continued to benefit from the online shopping craze during the Covid-19 pandemic.
For the six months to February 28, revenue increased 24% to GBP1.98 billion from GBP1.60 billion at the same time the year before and pretax profit more than tripled to GBP106.4 million from GBP30.1 million. ASOS said first half retail sales alone jumped 24% to GBP1.92 billion from GBP1.55 billion as its customer base increased by 1.5 million to 24.9 million during six months.
TRADING UPDATES: Contango in offtake talks for morningstar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.co.uk Daily Mail and Mail on Sunday newspapers.
15 March 2021 | 09:41am
StockMarketWire.com - Green energy investor Octopus Renewables Infrastructure Trust affirmed its dividend guidance after posting a positive shareholder return.
The company, which listed in December 2019, said it had achieved its target dividend of 3.18p per share for the period since listing to the end of December 2020.
It reconfirmed its dividend target for 2021 of 5p per share.
The company s net asset value total return was 2.4% in the period since listing.
At 9:41am: [LON:ORIT] share price was 0p at 111.5p
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