Octopus Renewables Infrastructure Trust plc (ORIT) has completed the sale of its 25% stake in HYRO Energy Limited, a UK-based green hydrogen and e-fuels development platform, for a total consideration of £4.6 million, in line with its latest holding value.

The stake was acquired by the Octopus Energy Transition Fund and a related co-investor following a competitive process. £2.6 million of the proceeds will be received immediately, with the remainder contingent on achieving key construction milestones for HYRO’s first project, which has recently obtained planning consent.

The transaction allows ORIT to reallocate capital to projects with faster timelines and scale, focusing on wind, solar, and complementary renewable technologies, while maintaining capital discipline and portfolio optimisation.