Bluefield Solar Income Fund Limited UNAUDITED NET ASSET VALUE AS OF 30 JUNE 2022 (6912W)
22 August 2022 - 4:00PM
UK Regulatory
TIDMBSIF
RNS Number : 6912W
Bluefield Solar Income Fund Limited
22 August 2022
22 August 2022
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
UNAUDITED NET ASSET VALUE AS OF 30 JUNE 2022
NOTICE OF FULL YEAR RESULTS
Bluefield Solar (LON: BSIF), the sterling income fund focused on
acquiring and managing UK-based renewable energy assets, announces
the Company's estimated unaudited Net Asset Value as of 30 June
2022 to be 140 pence per share.
This represents an uplift of approximately 10% as compared with
the previous unaudited Net Asset Value as of 31 March 2022, which
was 127.04 pence per share. The audited Net Asset Value will be
released by the Company within the annual results.
The valuation uplift is predominately due to an increase in
power price forecasts and higher inflation expectations in the
calendar year. These increases have been partially offset by a rise
to the discount rates applied in the valuation, reflecting an
increased proportion of non-solar assets in the portfolio and a
rise in UK gilt rates.
Bluefield Solar will announce its Full Year Results for the Year
ended 30 June 2022 on Friday, 30 September 2022. A briefing for
analysts will be held at 9.30am on the morning of the results
announcement via a remote facility and an audio webcast will be
available on the Company's website later that day.
To register for the analyst briefing, please contact Buchanan on
BSIF@buchanan.uk.com.
- Ends -
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20 7078
Adviser) 0020
James Armstrong / Neil Wood / Giovanni www.bluefieldllp.com
Terranova
Numis Securities Limited (Company Broker) Tel: +44 (0) 20 7260
Tod Davis / David Benda / Vicki Paine 1000
www.numis.com
Ocorian Tel: +44 (0) 1481
(Company Secretary & Administrator) 742 742
Patrick Ogier www.ocorian.com
Media enquiries:
Buchanan (PR Adviser) Tel: +44 (0) 20 7466
Henry Harrison-Topham / Henry Wilson 5000
www.buchanan.uk.com
BSIF@buchanan.uk.com
For further information:
About Bluefield Solar
Bluefield Solar is a London listed income fund focused on
acquiring and managing renewable energy and storage projects in the
UK, to provide long term, growing dividends for its shareholders
whilst furthering the decarbonisation of the energy system. Not
less than 75% of the Company's gross assets will be invested into
UK solar assets. The Company can also invest up to 25% of its gross
assets into other technologies, such as wind and storage. The
majority of the Company's revenue streams are regulated and
non-correlated to short term UK energy market fluctuations.
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 766 MWp.
Further information can be viewed at www.bluefieldsif.com
About Bluefield Partners
Bluefield Partners LLP was established in 2009 and is an
investment adviser to companies and funds investing in renewable
energy infrastructure. It has a proven record in the selection,
acquisition and supervision of large-scale energy assets in the UK
and Europe. The team has been involved in over GBP4 billion
renewable funds and/or transactions in both the UK and Europe,
including over GBP1 billion in the UK since December 2011.
Bluefield Partners LLP has led the acquisitions of, and
currently advises on, over 100 UK based solar PV assets that are
agriculturally, commercially or industrially situated. Based in its
London office, it is supported by a dedicated and experienced team
of investment, legal and portfolio executives. Bluefield Partners
LLP was appointed Investment Adviser to Bluefield Solar in June
2013.
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