Bluefield Solar Income Fund Limited Completion of Acquisition (2053S)
06 July 2015 - 4:00PM
UK Regulatory
TIDMBSIF
RNS Number : 2053S
Bluefield Solar Income Fund Limited
06 July 2015
6 July 2015
BLUEFIELD SOLAR INCOME FUND LIMITED
Completion of Acquisition of 49.9 MWp Solar Project
Bluefield Solar Income Fund Limited (the "Company") is pleased
to announce that with effect from 30 June 2015 it has completed the
acquisition of the previously announced West Raynham solar energy
plant. The Company signed binding agreements to acquire the plant
on 27 March 2015. The ground based solar photovoltaic ("PV") asset
based in Norfolk, UK, has a capacity of 49.9 MegaWatts Peak ("MWp")
(the "Project") and is currently the UK's largest solar PV plant.
The Company's portfolio has a combined energy capacity in excess of
250 MWp.
The Project was built by Maessa Telecomunicaciones, Ingenieria,
Instalaciones y Servicios, S.A. ("Maetel") and was acquired from
the Chinese module manufacturer Trina Solar Luxembourg (EU) Systems
SARL ("Trina") following the successful passing of performance
testing among other closing conditions. The Project is accredited
for 1.4 ROCs and has been operational since the end of March, 2015.
The Company will benefit from full revenues from the commissioning
date.
Enquiries:
James Armstrong / Mike Rand / Giovanni Terranova
Bluefield Partners LLP - Company Investment Adviser
Tel: +44 (0)20 7078 0020
Tod Davis / David Benda
Numis Securities Limited - Company Broker
Tel: +44 (0)20 7260 1000
Kevin Smith
Heritage International Fund Managers Limited - Company Secretary
& Administrator
Tel: +44 (0)1481716000
Tom Karim
CNC
Tel: +44(0)20 3219 8820 / +44(0)7923 293 399
Note to editors
About Bluefield Solar Income Fund Limited (BSIF)
BSIF is a Guernsey-registered investment company focusing on
large scale agricultural and commercial and industrial solar energy
assets. It had an initial public offering of shares on the main
market of the London Stock Exchange in July 2013. It has,
currently, over 278 million shares in issue and a market cap in
excess of GBP300 million. In June 2014 it agreed a three-year
revolving credit facility with Royal Bank of Scotland, for up to
GBP50 million.
BSIF seeks to provide shareholders with an attractive return,
principally in the form of income distributions, by investing in a
diversified portfolio of solar energy assets, each located within
the UK, with a focus on utility scale assets and portfolios on
greenfield, industrial and/or commercial sites. The Company pays
quarterly distributions.
About Bluefield Partners LLP (Bluefield)
Bluefield was established in 2009 and is an investment adviser
to companies and funds investing in solar energy infrastructure. It
has a proven record in the selection, acquisition and supervision
of large scale energy and infrastructure assets in the UK and
Europe. The team has been involved in over GBP1.4 billion of solar
photovoltaic ("PV") funds and/or transactions in both the UK and
Europe since 2008, including over GBP380m in the UK since December
2011.
Bluefield has led the acquisitions, and currently advises on
over 50 UK based solar assets that are agriculturally, commercially
or industrially situated. Based in its London office, Bluefield's
partners are supported by a dedicated and highly experienced team
of investment, legal and portfolio executives.
Bluefield was appointed Investment Adviser to the Company in
June 2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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