Bluefield Solar Income Fund Limited Acquisition of three new PV plants (9031A)
25 January 2020 - 1:25AM
UK Regulatory
TIDMBSIF
RNS Number : 9031A
Bluefield Solar Income Fund Limited
24 January 2020
24 January 2020
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Acquisition of three new PV plants
Bluefield Solar (LON: BSIF), a sterling income fund that invests
in UK-based solar assets, is pleased to announce the Company's
first acquisition in 2020. Unless otherwise noted herein, the
information provided in this announcement and any asset valuations
underlying such information is unaudited.
On 20 January 2020, the Company completed the acquisitions of
three operational ground-mounted solar photovoltaic ('PV') plants.
Two of the plants, Gretton and Thornton are based in England, and
the third, Wormit, is based in Scotland. The three plants provide
13.5 megawatt peak ('MWp') of 1.3 Renewable Obligation Certificate
('ROC') capacity. They were acquired for a cash consideration of
GBP13.9 million, including transaction costs and working capital,
and were funded from the Company's revolving credit facility.
- Ends -
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20 7078
Adviser) 0020
James Armstrong / Mike Rand / Giovanni www.bluefieldllp.com
Terranova
Numis Securities Limited (Company Broker) Tel: +44 (0) 20 7260
Tod Davis / David Benda 1000
www.numis.com
Estera International Fund Managers (Guernsey) Tel: +44 (0) 1481 742
Limited 742
(Company Secretary & Administrator) www.estera.com
Kevin Smith
Media enquiries:
Buchanan (PR Adviser) Tel: +44 (0) 20 7466
Henry Harrison-Topham / Henry Wilson 5000
/ Victoria Hayns www.buchanan.uk.com
BSIF@buchanan.uk.com
Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring
and managing UK-based solar projects to generate renewable energy
for periods of typically 25 years or longer. The Company's primary
objective is to deliver to its shareholders stable, long term
sterling income via quarterly dividends, which are linked to RPI.
The majority of the Group's revenue streams are regulated and
non-correlated to traditional markets. Bluefield Solar owns and
operates one of the UK's largest, diversified portfolios of solar
assets with a combined installed power capacity in excess of 478
Megawatt peak (MWp).
Further information can be viewed at www.bluefieldsif.com
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 GBP1.5 billion of solar
PV funds and/or transactions in both the UK and Europe since 2008,
including over GBP800 million in the UK since December 2011.
Bluefield has led the acquisitions of, and currently advises on,
over 85 UK based solar PV 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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