Octopus Renewables Infrastructure Trust plc has unveiled a five-year strategy to scale the company to a £1 billion renewables vehicle.

Part of Octopus Group, the diversified renewables investment company says ORIT 2030 will deliver substantial net-asset-value growth.

It said after the first six months of the year, NAV was £540m, down from £570m a year earlier. Revenue was identical at £68.7m and EBITDA decreased slightly to £44.3m.