Announced
Completed
Financials
Tags
alternate energy
Majority
Private
Domestic
solar photovoltaic plant
Friendly
Acquisition
Single Bidder
Completed
United Kingdom
Alternative Fuels
Private Equity
Synopsis
Bluefield Solar, a UK-focused income fund that invests primarily in solar assets, completed the acquisition of Bradenstoke Solar Park, an operational 70 megawatt peak ground mounted solar photovoltaic plant, for $121m. "Following the high quality 64 MWp portfolio of ROC accredited UK solar assets that we acquired in August 2020, the purchase of Bradenstoke is further evidence of our ability to source attractive assets with high levels of regulated revenues. This acquisition is immediately accretive 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 Investment Adviser continue to carefully assess a strong pipeline of opportunities across both primary and secondary markets," John Rennocks, Bluefield Solar Chairman.
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