NewsnReleases

Financial news, corporate announcements, analysts’ reports

ORIT

  • Kansai Electric buys 80% stake in Simply Blue Energy

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    NNR

    LONDON: Simply Blue Holdings, has signed a share subscription agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd, Simply Blue Group’s offshore wind development arm.  The transaction follows the recent carve-out of Simply Blue’s sustainable fuels business into a newly formed entity, Nova Scotia Fuels, and…

  • Octopus Renewables Infrastructure Trust announces sale of interest in HYRO Energy Limited

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    Ali Mirza

    LONDON: Octopus Renewables Infrastructure Trust plc, the diversified renewables infrastructure company, today announces it has completed the sale of its entire interest in HYRO Energy Limited (“HYRO”), a UK-based green hydrogen and e-fuels development platform, for a total expected consideration of £4.6 million, in line with the Company’s latest holding value of HYRO. ORIT’s…

  • ORIT exits from Spanish solar projects

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    NNR

    LONDON: ORIT has elected to terminate its option to acquire 175MW of ready-to-build solar projects in Spain. ORIT originally entered into a conditional acquisition agreement over the sites in 2020, however, having reassessed the projects on a risk-adjusted basis and taking into account the Company’s approach to capital allocation, exiting the option at a…

  • ORIT makes new investments in UK and Germany

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    NNR

    LONDON, UK: Octopus Renewables Infrastructure Trust (ORIT) announced two new investments in the UK and Germany. Lincs Offshore Wind Farm, UK ORIT has acquired a further 7.75% ownership interest in the Lincs Offshore Wind Farm (“Lincs”) from a fund managed by Macquarie Asset Management. This follow-on investment adds to the original 7.75% stake in…