Bluefield Solar and GLIL Acquire 247-MW Solar Portfolio from Lightsource bp

• Bluefield Solar Income Fund, in partnership with GLIL Infrastructure, acquires a 247 MW solar asset portfolio in the UK, solidifying their strategic partnership and expanding their renewable energy investments.

Bluefield Solar Income Fund, in partnership with GLIL Infrastructure, has acquired a portfolio of operating solar assets in the UK with a combined capacity of 247 MW. The assets were purchased from solar developer Lightsource bp for £220 million. The portfolio consists of 58 sites, with 184 MW backed by feed-in tariffs, 15 MW supported by Renewable Obligation Certificates, and two subsidy-free projects totaling 48 MW. This acquisition marks the completion of the first phase of a strategic partnership between Bluefield Solar and GLIL, with GLIL acquiring a 50% stake in a portfolio of over 100 MW owned by the income fund.

GLIL is a partnership of UK pension funds and currently has a £3 billion portfolio of core UK infrastructure assets.

What is the capacity and cost of the solar assets acquired by Bluefield Solar and GLIL?

• Bluefield Solar has acquired solar assets with a capacity of X megawatts (MW)
• GLIL has acquired solar assets with a capacity of Y megawatts (MW)
• The cost of the solar assets acquired by Bluefield Solar is Z amount
• The cost of the solar assets acquired by GLIL is W amount
• These acquisitions will contribute to the overall growth of renewable energy capacity in the respective regions
• The increased capacity of the solar assets will help meet the rising demand for clean energy
• The incorporation of Type II Surge Protective Devices (SPD) ensures operational safety of the solar assets
• The fuse-free design and integrated DC switch enhance the efficiency and reliability of the solar assets
• The IP66 protection and optional active arcing protection (AFCI) provide additional safety features
• The broad MPPT range of 180V to 1000V allows for maximum solar energy harvesting throughout the day
• The higher input current capacity and DC/AC ratio contribute to a lower Levelized Cost of Energy (LCOE) for PV plants.