Bluefield Solar Offloads 250-MW Portfolio to Lyceum JV

• Bluefield Solar boosts shareholder value by selling a 250-MW solar portfolio to Lyceum Solar, highlighting the power of joint ventures in renewable energy expansion.

Bluefield Solar Income Fund Ltd has sold a 250-MW portfolio of solar and energy storage projects to Lyceum Solar, a joint venture with GLIL Infrastructure LLP. The transaction involves assets that contribute to Bluefield's strategy of optimizing its portfolio and capitalizing on market opportunities.

The sale aligns with Bluefield's focus on enhancing shareholder value and leveraging its partnership with GLIL. This move is part of a broader trend in the renewable energy sector, where companies are increasingly collaborating to expand their reach and improve operational efficiencies. The deal underscores the growing importance of joint ventures in the renewable energy market.

How does the sale to Lyceum Solar align with Bluefield's strategic goals?

• Aligns with Bluefield's strategy to optimize its asset portfolio by divesting non-core assets and focusing on high-performing projects.
• Enhances shareholder value by reallocating capital from the sale to potentially higher-yielding investments or reducing debt.
• Leverages the partnership with GLIL Infrastructure LLP to maximize the value of the assets through a joint venture structure.
• Supports Bluefield's goal of capitalizing on market opportunities by freeing up resources to invest in new projects or technologies.
  
• Reflects a strategic shift towards collaboration and joint ventures, which can lead to improved operational efficiencies and expanded market reach.
• Demonstrates Bluefield's commitment to staying agile and responsive to market trends in the renewable energy sector.
  
• Allows Bluefield to focus on core competencies and strategic growth areas, potentially leading to increased competitiveness in the market.