ORIT completed the acquisition of a 32.6MW Irish solar farm from Statkraft for €27m.

ORIT, an investment company, completed the acquisition of a 32.6MW Irish solar farm from Statkraft, a company specializing in renewable energy solutions, for €27m. "The new PPA sits well with ORIT's well-established strategy of de-risking portfolio cashflows through securing long-term fixed revenue. We look forward to working with Statkraft through the construction process and building on the ongoing relationship that we have with them through the asset management arrangement at Ballymacarney," Phil Austin, Chairman of ORIT.