Octopus Renewables Infrastructure Trust (ORIT) has completed the sale of the Ljungbyholm onshore wind farm in Sweden to DWS Infrastruktur Europa, a DWS core infrastructure fund.
ORIT acquired a 48MW wind farm at the pre-construction stage in March 2020, investing EUR 68 million (US$ 75.7 million). Octopus Energy Generation managed its construction, and the wind farm became operational in June 2021. The sale of the wind farm for EUR 73.7 million (US$ 82 million) achieved an internal rate of return (IRR) of 11.3% over the investment period. The sale also yielded a premium of GBP 1.4 million (US$ 1.5 million) over its previous valuation. This transaction is part of ORIT's capital recycling program, following earlier divestments in Poland and Spain.
Country updates
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June 05, 2024
Permit Application submitted for 3 GW Offshore Wind farm in Sweden
Skyborn Sweden has submitted a permit application to the Swedish government and Land and Environment Court for the construction of the 3,000 MW Polargrund Offshore wind farm in Sweden.
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May 31, 2024
Permit granted for 5.5 GW Offshore wind farm in Sweden
The County Administrative Board of Gotland is set to propose to the Swedish Government that a permit be granted for developing a 5.5 GW Aurora offshore wind farm within the country's exclusive economi...
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May 07, 2024
Ilmatar applied for environmental permit for its 450 MW solar farm in Halland
Ilmatar has applied for an environmental permit for its 450MW Tönnersjö solar farm located in Tönnersjö, outside Halmstad in Halland county, Sweden. The process of...
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April 04, 2024
Permit awarded for 5.5 GW Offshore Wind Project in Sweden
The County Administrative Board of Gotland has granted a Natura 2000 permit for the 5.5 GW Aurora Offshore Wind farm located outside the islands of Gotland and Öland in Sweden.
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February 16, 2024
Eolus files application for 1 GW Blekinge Offshore wind farm
Eolus has applied to the 1GW Blekinge Offshore wind farm, 11km off the coast of Blekinge, southern Sweden. The project site, situated in Karlshamn and Sölvesborg municipalities, encomp...
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