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.”
Investegate |Octopus Renewables Announcements | Octopus Renewables: Result of AGM
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Octopus Energy acquires £3 4bn of assets in bid to become European renewable giant
pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org 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
Story provided by StockMarketWire.com
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.
Investegate |Octopus Renewables Announcements | Octopus Renewables: Final Results to 31 December 2020
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.