Bluefield Solar Income Fund Limited Director Retirement (7520Q)
23 February 2023 - 02:28AM
UK Regulatory
TIDMBSIF
RNS Number : 7520Q
Bluefield Solar Income Fund Limited
22 February 2023
22 February 2023
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Director Retirement
Bluefield Solar (LON: BSIF), the London listed income fund
focused on acquiring and managing renewable energy and storage
assets predominantly in the UK, announces that John Rennocks, who
has served as a non-executive director since the Company's launch
in 2013, including as the Company's Chair until November 2022, has
retired from the Board of the Company with effect from 22 February
2023.
The Company extends its thanks to John for his vision, hard work
and dedication to Bluefield Solar as the Chair for the last nine
years. His input has been invaluable, and the Company wishes him
well in his retirement.
John Scott, who succeeded John Rennocks as Chair at the November
2022 AGM, said:
"Today, the renewable energy companies quoted on the London
Stock Exchange have a collective value of some GBP16 billion and
provide over 20% of the electricity generated in the UK, a
contribution which grows annually. It is easy to forget that, back
in 2013, there was almost no solar electricity and the idea of
launching a publicly quoted company based on the simple premise of
generating solar power and distributing operating surpluses to
shareholders was novel. Today, Bluefield Solar has assets worth
over GBP1.2 billion and in 2022 paid dividends of over GBP5
million. John Rennocks has been a key figure in this success; his
steady hand on the tiller through the past nine years has been a
major factor in the position which the Company enjoys today. On
behalf of everyone at Bluefield Solar, I would like to record our
sincere thanks to John."
James Armstrong, Managing Partner of Bluefield Partners,
said:
"The senior management team at Bluefield Partners have worked
closely with John since the IPO and have benefitted from his wise
counsel, clear decision making and absolute focus on the priorities
of the Company, namely to deliver sector leading dividends,
something we have achieved over the past decade. I have personally
benefitted from the business wisdom John has gathered over the many
decades of his business life and wish him well in his retirement.
We are delighted that John Scott has taken over the Chair role and
we look forward to continuing the success of the Company with him
at the helm."
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20
Adviser) 7078 0020
James Armstrong /Neil Wood/Giovanni www.bluefieldllp.com
Terranova
Numis Securities Limited (Company Tel: +44 (0) 20
Broker) 7260 1000
Tod Davis / David Benda 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
Henry Harrison-Topham / Henry Wilson 7466 5000
www.buchanan.uk.com
BSIF@buchanan.uk.com
About Bluefield Solar
Bluefield Solar is a London listed income fund focused on
acquiring and managing renewable energy and storage projects
predominantly in the UK, to provide stable, long term 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 wind, hydro and storage technologies.
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 812 MWp.
Bluefield Solar is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE 250, classified within the
Closed End Investments subsector.
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 GBP6 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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