Bluefield Sought USD 541 million for new renewable energy fund

Bluefield Partners, a London-based renewables investment firm, has planned to raise EUR 500 million (USD 545 million) for its next closed-end investment fund, with a first close in the first half of 2025.

It will be the first fund to primarily invest in solar, wind, and battery storage across Europe. Launched in July 2013 with GBP 130 million (US$166 million), the fund now holds assets worth approximately GBP 1.4 billion (US$ 1.8 billion). Wind power accounts for about 15% of Bluefield’s portfolio, with potential growth of 25 or 30%. The next fund aims for double-digit returns, consistent with the returns of all of Bluefield’s value-added funds. Bluefield Partners has developed this expertise through its investments in solar energy since 2009 and its integrated business model. The firm is part of the Bluefield Group, which also includes Bluefield Optimisation (technical asset management), Bluefield Operations (operations and maintenance), and Bluefield Renewable Developments (project development).