News Article
Bluefield Solar Income Fund Acquire Three UK-based, Large Scale Solar Plants
Bluefield Solar Income Fund Limited has announced that it has entered into binding contracts to acquire three UK-based, large scale solar plants. The three assets include a 6.5MWp plant in Somerset, a 12.5MWp plant in Wiltshire, and a 29MWp plant in Oxfordshire. They are being acquired for a total consideration of £54 million, including transaction costs and working capital. Each is expected to qualify under the 1.4 Renewable Obligation Certificate ("ROC") regime.
The acquisitions are the twenty-sixth, twenty-seventh and twenty-eighth made by the Company and will be funded by part of the £131 million raised pursuant to the placing programme that closed in November 2014.
