Director Appointment

Bluefield Solar Income Fund Limited

25 October 2024

 

LEI: 2138004ATNLYEQKY4B30 25 October 2024

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Director Appointment

Bluefield Solar (LON: BSIF), the London listed UK income fund focused primarily on acquiring and managing solar energy assets, is pleased to announce the appointment of Mr Glen Suarez as an independent non-executive director with effect from 30 October 2024. Mr Suarez's appointment follows an externally facilitated selection process.

Mr Suarez is currently the chairman of Knight Vinke Asset Management, having previously held the roles of CIO and Deputy CEO. He is a senior adviser to FMAP Limited, a consultancy founded by Lord Maude which advised governments on the implementation of public sector reform. He was a committee member and co-chair of the Capital Markets Advisory Committee, an independent body advising on accounting issues and standards between 2014 and 2020. Prior to this, Mr Suarez was a Partner in Soditic Limited for four years and prior to that he was head of European energy, infrastructure and utilities investment banking business at Morgan Stanley for eight years.

He is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Royal Society of Arts.

Pursuant to Listing Rule 9.6.13, the Company notes that Mr Suarez is currently the non-executive chair of Impax Environmental Markets plc which is listed on the London Stock Exchange. In the previous five years, Mr Suarez was a non-executive director of Blackrock Throgmorton Investment Trust plc and non-executive chair of The Edinburgh Investment Trust plc, both listed on the London Stock Exchange.

John Scott, Chairman of Bluefield Solar, said:

"I am delighted to welcome Glen to the Bluefield Solar board. His appointment completes the Company's phased succession plan around the four founder directors of BSIF who took the company through its flotation in 2013. Glen brings to our Board extensive experience in the renewable energy and utilities sectors, as well as investment trusts. I believe that he will play a significant role in the Company's further growth."

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For further information: Bluefield Partners LLP (Company Investment Adviser) James Armstrong / Neil Wood / Giovanni Terranova	Tel: [phone] www.bluefieldllp.com
Deutsche Numis (Company Broker) Tod Davis / David Benda / Matt Goss	Tel: [phone] www.dbnumis.com
Ocorian (Company Secretary & Administrator) Chezi Hanford	Tel: [phone] www.ocorian.com
Media enquiries: Buchanan (PR Adviser) Henry Harrison-Topham / Henry Wilson	Tel: [phone] www.buchanan.uk.com [e-mail]

For further information:

About Bluefield Solar

Bluefield Solar is a London listed income fund focused primarily on acquiring and managing solar energy assets.  Not less than 75% of the Company's gross assets will be invested into UK solar assets.  The Company can also invest up to 25% of its gross assets into other technologies, such as wind and storage. Bluefield Solar owns and operates a UK portfolio of 883MW, comprising 824.7MW of solar and 58.3MW of onshore wind.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners LLP was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure.  It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe.  The team has been involved in over £6.7 billion renewable funds and/or transactions in both the UK and Europe, including over £1.6 billion in the UK since December 2011.

Bluefield Partners LLP has led the acquisitions of, and currently advises on, over 100 UK based solar PV assets that are agriculturally, commercially or industrially situated.  Based in its London office, it is supported by a dedicated and experienced team of investment, legal and portfolio executives.  Bluefield Partners LLP was appointed Investment Adviser to Bluefield Solar in June 2013.

 

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