UNAUDITED NET ASSET VALUE AS OF 30 JUNE 2022

RNS Number : 6912W

Bluefield Solar Income Fund Limited

22 August 2022

 

22 August 2022

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')  

UNAUDITED NET ASSET VALUE AS OF 30 JUNE 2022

NOTICE OF FULL YEAR RESULTS

Bluefield Solar (LON: BSIF), the sterling income fund focused on acquiring and managing UK-based renewable energy assets, announces the Company's estimated unaudited Net Asset Value as of 30 June 2022 to be 140 pence per share.

This represents an uplift of approximately 10% as compared with the previous unaudited Net Asset Value as of 31 March 2022, which was 127.04 pence per share.  The audited Net Asset Value will be released by the Company within the annual results.

The valuation uplift is predominately due to an increase in power price forecasts and higher inflation expectations in the calendar year.  These increases have been partially offset by a rise to the discount rates applied in the valuation, reflecting an increased proportion of non-solar assets in the portfolio and a rise in UK gilt rates.

Bluefield Solar will announce its Full Year Results for the Year ended 30 June 2022 on Friday, 30 September 2022. A briefing for analysts will be held at 9.30am on the morning of the results announcement via a remote facility and an audio webcast will be available on the Company's website later that day.

To register for the analyst briefing, please contact Buchanan on [e-mail].

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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 / Vicki Paine	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]

For further information:

About Bluefield Solar

Bluefield Solar is a London listed income fund focused on acquiring and managing renewable energy and storage projects in the UK, to provide long term, growing dividends for its shareholders whilst furthering the decarbonisation of the energy system.  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 one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 766 MWp.

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 £4 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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