Bluefield Solar Buying U.K. Sun-Power Farms for $83 Million

(Bloomberg) — Bluefield Solar Income Fund Ltd., listed in
London, said it’s buying three sun-power plants in the U.K. for
54 million pounds ($83.2 million).

The fund has entered agreements to buy a 6.5-megawatt
facility in Somerset, a 12.5-megawatt facility in Wiltshire and
a 29-megawatt plant in Oxfordshire, it said in an e-mailed
statement. Bluefield is funding the acquisitions with part of
the 131 million pounds it raised in November, it said.

Bluefield, backed by CCLA Investment Management Ltd.,
raised 130 million pounds through an initial share sale in 2013
to buy U.K. solar parks.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us