Senior Hire by Investment Adviser

RNS Number : 3963S

Bluefield Solar Income Fund Limited

08 July 2020

 

8 July 2020

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Senior Hire by Investment Adviser

Bluefield Solar (LON: BSIF), a UK focused income fund that invests primarily in solar assets, is pleased to announce a senior hire by Bluefield Partners LLP ("Bluefield Partners"), the Company's Investment Adviser.

New appointment Baiju Devani joins Bluefield Partners from Ingenious, where he was a fund manager within its infrastructure division from August 2013 to December 2019 responsible for the EIS Funds and leading on UK onshore wind transactions. Prior to this, Baiju was a member of the Commercial Team at one of the UK's largest independent renewable energy developers, RES, between 2008 and 2013. Baiju's earlier experience include roles at HM Treasury where he was a member of the macroeconomics team, and Deloitte where he qualified as a chartered accountant.

James Armstrong, Managing Partner at Bluefield Partners, commented: "We are delighted to announce the appointment of Baiju Devani as UK Investment Director at Bluefield Partners, which will add significant wind expertise alongside our team's solar experience. Baiju has long and relevant M&A experience in the UK onshore wind sector where we see an increasing number of attractive opportunities for Bluefield Solar following the broadening of the Company's mandate."

Baiju Devani, UK Investment Director at Bluefield Partners, commented: "It is fantastic to join the Bluefield Partners team at this exciting time for Bluefield Solar and I am keen to add my experience in the UK wind sector to the well-known solar expertise at Bluefield Partners."

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	Tel: [phone] www.numis.com
Ocorian (Company Secretary & Administrator) Kevin Smith	Tel: [phone] www.ocorian.com
Media enquiries: Buchanan  (PR Adviser) Henry Harrison-Topham / Victoria Hayns / Henry Wilson	Tel: [phone] www.buchanan.uk.com [e-mail]

Notes to Editors

About Bluefield Solar

Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. 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 onshore wind, hydro and storage technologies.  Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends.  The majority of the Group's revenue streams are regulated and non-correlated to the UK energy market.  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 478 Megawatt peak (MWp).

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners 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 £1.8 billion renewable funds and/or transactions in both the UK and Europe since 2008, including over £1.1 billion in the UK since December 2011.

Bluefield Partners has led the acquisitions of, and currently advises on, over 85 UK based solar PV assets that are agriculturally, commercially or industrially situated.  Based in its London office, it is supported by a dedicated and highly experienced team of investment, legal and portfolio executives.  Bluefield Partners was appointed Investment Adviser to Bluefield Solar in June 2013.

 

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