# Octopus Renewables Agrees to Conditionally Acquire 55 MW UK Solar Project for £34.6 Million

- URL: https://stocks.freetheai.org/news/octopus-renewables-agrees-to-conditionally-acquire-55-mw-uk-solar-project-for-34-b044ee
- Published: 2026-10-14T06:00:09Z
- Category: energy; sentiment: bullish; impact: medium
- Symbols: [LSE:ORIT](https://stocks.freetheai.org/symbols/LSE-ORIT)
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Octopus Renewables Infrastructure Trust plc (LSE:ORIT) has entered into a conditional agreement to acquire Barnsdale Solar Park from developer OnPath Energy for approximately £34.6 million, including remaining construction expenses. Located in West Yorkshire, the 55 MWp solar installation is currently under construction by Goldbeck Solar and is expected to produce enough electricity to power about 19,000 homes annually.

The transaction secures revenue backed by a government Contract for Difference running through 2041, which offers fixed, inflation-linked pricing indexed to CPI. Management expects the asset to support the trust's 9% to 11% total return target under its 2030 strategy while bolstering dividend coverage starting in financial year 2027.

Completion of the acquisition depends on the site meeting specific operational milestones prior to the revenue contract commencement deadline, anticipated in March 2027. Investors will be monitoring construction progress and further capital recycling initiatives as the firm seeks additional construction-stage opportunities alongside planned asset sales.

## Key points

- Octopus Renewables Infrastructure Trust plc (LSE:ORIT) agreed to conditionally acquire the 55 MWp Barnsdale Solar Park for approximately £34.6 million.
- The West Yorkshire facility is currently under construction and is designed to supply power to roughly 19,000 homes once fully operational.
- The project holds a government-backed, CPI-linked Contract for Difference that secures fixed revenue pricing through 2041.
- The deal is expected to support ORIT's 9-11% long-term return target and boost dividend coverage from financial year 2027 onward.
- Final acquisition remains subject to site requirements ahead of an expected March 2027 contract commencement deadline.

## Questions and answers

### What is the purchase price for Barnsdale Solar Park?

Octopus Renewables Infrastructure Trust plc agreed to pay approximately £34.6 million for the project, which includes remaining construction costs.

### How much energy will Barnsdale Solar Park generate?

The 55 MWp solar project in West Yorkshire is expected to generate enough clean electricity to meet the annual energy needs of about 19,000 homes.

### When is the Barnsdale Solar Park acquisition expected to complete?

Completion is conditional on the project meeting specific operational milestones before its revenue contract deadline, expected in March 2027.