Octopus Renewables Infrastructure Trust (ORIT) has announced that it has entered into a conditional agreement to sell the Ljungbyholm onshore wind farm in Sweden to a German institutional investor for approximately €74 million.
ORIT acquired the 48 MW wind farm at pre-construction stage in March 2020, investing around €68 million in the project. The investment manager, Octopus Energy Generation, managed the construction phase, bringing the wind farm into operation in June 2021. This transaction is part of the company’s capital recycling programme and follows the sale of two Polish onshore wind assets in December 2023 and the divestment of an option over a Spanish solar photovoltaic project in January 2024.
