Octopus Renewables Infrastructure Trust (ORIT), the diversified renewables infrastructure company, announced the signing of agreements to sell a 49% stake in its full ownership of the 67 MW Breach solar project in Cambridgeshire, and to dispose of a 51% stake in the 46 MW Crossdykes onshore wind project in Scotland.
Tokyo Century Corporation is acquiring the 49% stake in Breach and the 49% stake in Crossdykes. The remaining 2% in Crossdykes is being sold to the Octopus Energy Generation-managed Octopus Renewables Infrastructure SCSp fund, at the same valuation, which already owns 49% of the project.
Both sales were completed at values consistent with their original investment valuations. Along with ORIT’s earlier exits from Simply Blue’s offshore wind platform and the HYRO green hydrogen and e-fuels development platform in October 2025, these deals bring the company’s total sales proceeds for 2025 to £74.3 million ($87 million), including deferred payments.
The transaction is expected to be completed by next week. ORIT acquired the two projects in 2022. Crossdykes was acquired shortly after reaching commercial operations, while Breach was acquired at the pre-construction stage. The company will retain the remaining 51% stake in the Breach solar project, which has the right to add battery storage systems for connection in 2029.
Philip Austin, Chair of Octopus Renewables Infrastructure Trust, commented: “We are delighted to have completed these asset sales, representing continued delivery of ORIT’s capital recycling programme, and realising total proceeds of £74 (~$87) million in 2025. This also reinforces confidence in our underlying asset valuations, and discussions with prospective buyers for other assets continue to progress. These divestments will enable ORIT to reduce debt and move forward with investment into higher-growth opportunities, which the manager is already pursuing as a key part of our ‘ORIT 2030’ strategy. We also look forward to our ongoing partnership with Tokyo Century through the Breach project, and potential future opportunities that this may bring.”
In the first nine months of 2025, approximately 29 GW of solar projects were acquired compared to 28.3 GW in 9M 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
