Bluefield Solar Income Fund acquires a 4.1 MW ground-mounted solar photovoltaic plant
The Board of the Bluefield Solar Income Fund Limited (BSIF) has entered into a binding sale and purchase agreement (SPA) to acquire a 4.1megawatt peak ground-mounted solar photovoltaic plant in UK
The company has acquired Bluefield Harrier Limited for £14.4 million (US$209 million), which through its wholly-owned subsidiary New Energy Business Solar Limited (NEBS) owns the Plant.
The Plant, which is connected into a car manufacturing plant located in Burnaston, Derby, was commissioned in July 2011 and benefits from a fully RPI-linked 25 year Feed-in Tariff (FiT). The Plant provides electricity to Toyota Motor Manufacturing (UK) Limited pursuant to the terms of its lease and derives the entirety of its revenue under the FiT accreditation.
The acquisition has been fully funded through the amended and restated facility agreement with The Royal Bank of Scotland (RBS) and Investec Bank.
The company's investment adviser, Bluefield Partners LLP, is also the investment adviser to the selling shareholders of Harrier and certain members of the Investment Adviser hold Ordinary and B Shares in Harrier.
Country news
-
-
April 28, 2016
Macquarie Infrastructure Debt Investment Solutions launches second UK inflation-linked infrastructure debt fund
Macquarie Infrastructure Debt Investment Solutions has recently revealed that it is launching its second fund mandated to invest in UK inflation-linked infrastructure debt. Read more -
April 27, 2016
The Renewables Infrastructure Group extends its Revolving Facility
The Renewables Infrastructure Group Limited (TRIG) has renewed its revolving acquisition facility entered into with Royal Bank of Scotland plc (RBS) and National Australia Bank Limited (NAB). Read more -
April 26, 2016
John Laing Environmental Assets announces fundraising of £65 million
JLEN is proposing to raise up to £65 million by way of a cash placing of new ordinary shares to institutional investors pursuant to its existing placing programme. Read more -
April 26, 2016
NextEnergy Solar Fund acquires solar portfolio from Low Carbon
NextEnergy Solar Fund (NESF) announced in early April the signing of the share purchase agreement to acquire a portfolio of five operating plants totalling 84.2MWp for a total net consideration of £97.9 million (including transaction costs) plus working capital. Read more -
April 25, 2016
Atlantis Resources announces £6.5 million shares placement
Atlantis Resources Limited, a developer in the tidal power sector, has raised approximately £6.5 million before expenses through the conditional placing of 11,888,460 new ordinary shares at a placing price of 55 pence per share. Read more
