Announced
Financials
Tags
Private Equity
solar energy farm
Majority
Pending
United Kingdom
Renewable Energy Equipment
Friendly
Cross Border
solar assets
Acquisition
Private
Single Bidder
Synopsis
Bluefield Solar Income Fund, a UK-focused income fund, agreed to acquire 15 solar assets from Green Power Partners, an energy company, for £110m. "This is an excellent acquisition by the Company. It not only combines the addition of a portfolio of high ROC banded assets with bespoke low cost financing, but also enables the Company to move its level of gearing in line with the Board's target. This acquisition will be immediately incremental to earnings and further underpins our projected results and dividends for the current financial year ending in June 2021 and beyond. The Board and our Advisor continue to carefully assess a strong pipeline of opportunities across both primary and secondary markets," John Rennocks, Bluefield Solar Chairman.
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