Director Retirement and New Audit Chair

Bluefield Solar Income Fund Limited

29 September 2023

 

29 September 2023

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Director Retirement and New Audit Chair

Bluefield Solar (LON: BSIF), the London listed income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, announces that Paul Le Page, who has served as a non-executive director and Chair of the Audit and Risk Committee since the Company's launch in 2013, will retire from the Board of the Company with effect from 30 September 2023.

The Company extends its thanks to Paul for his invaluable vision, hard work and dedication to Bluefield Solar as the Audit and Risk Committee Chair for the last ten years.

The Company also announces the following changes to the roles and responsibilities of some of the directors, with effect from 30 September 2023, in accordance with listing rule 9.6.11:

In line with the information provided in the Annual Report released on 28 September 2023, Elizabeth (Libby) Burne will be appointed as the Chair of the Audit and Risk Committee with effect from 30 September 2023 following Paul Le Page's retirement from the Board of the Company. Libby is also the Chair of the Management Engagement and Service Provider Committee.

John Scott, Chair of Bluefield Solar, said:

"It has been a pleasure to work with Paul since the launch of the Company back in 2013. He has been an integral part of the success that the Company enjoys today, in particular through his excellent leadership of the Audit and Risk Committee. Libby Burne will be taking over the role and I have no doubt that she will continue the example set by Paul."

James Armstrong, Managing Partner of Bluefield Partners, said:

"The senior management team at Bluefield Partners has worked closely with Paul since the IPO in 2013 and has benefitted from his wise counsel and extensive technical knowledge. I wish him well for the future. We are delighted that Libby has taken over as the Chair of the Audit and Risk Committee and we look forward to continuing the success of the Company." 

The Board has initiated a recruitment process to identify a suitable director to be appointed in Paul's stead. A further announcement will be made in due course.

For further information:

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

Notes to Editors

About Bluefield Solar

Bluefield Solar is a London listed UK income fund primarily focused on acquiring and managing solar 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.  The majority of the Company's revenue streams are regulated and non-correlated to short term UK energy market fluctuations.  Bluefield Solar owns and operates an 812MWp UK portfolio, comprised of 754MWp of solar and 58MWp 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 £6.5 billion renewable funds and/or transactions in both the UK and Europe, including over £1 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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