Bluefield Solar Fund to Sell Half of UK Solar Assets

• Bluefield Solar Income Fund Ltd sells 50% stake in 112-MW solar portfolio to GLIL Infrastructure, paving the way for future collaborations in UK solar projects.

Bluefield Solar Income Fund Ltd is selling a 50% stake in a 112-MW portfolio of operating solar assets in the UK to GLIL Infrastructure. The portfolio includes nine operating photovoltaic parks in southern and central England, with 78 MW backed by 1.4 Renewable Obligation Certificates and 34 MW with 1.3 ROC accreditation. The transaction is expected to be completed in mid-August, with proceeds being used to repay debt and fund the construction of 17 MW of solar parks.

This divestment is part of a long-term strategic partnership between Bluefield Solar and GLIL, with the first phase involving the joint acquisition of a 247-MW portfolio of UK solar assets in January. The third phase will see the two companies investing in development projects of Bluefield Solar.

What is the strategic partnership between Bluefield Solar and GLIL Infrastructure?

• Bluefield Solar Income Fund Ltd is selling a 50% stake in a 112-MW portfolio of operating solar assets in the UK to GLIL Infrastructure.
  
• The portfolio includes nine operating photovoltaic parks in southern and central England, with 78 MW backed by 1.4 Renewable Obligation Certificates and 34 MW with 1.3 ROC accreditation.
  
• The transaction is expected to be completed in mid-August, with proceeds being used to repay debt and fund the construction of 17 MW of solar parks.
  
• This divestment is part of a long-term strategic partnership between Bluefield Solar and GLIL Infrastructure.
  
• The first phase of the partnership involved the joint acquisition of a 247-MW portfolio of UK solar assets in January.
• The third phase will see the two companies investing in development projects of Bluefield Solar.