Update from QuotedData

Bluefield Solar Income Fund Limited

04 October 2023

 

Bluefield Solar Income Fund - Update from QuotedData

4^th October 2023

Record year supports growth strategy

While share prices across the whole of the renewable energy infrastructure sector have been under pressure over the past 12-18 months, the execution by Bluefield Solar Income Fund (BSIF) has remained impressive, helping it to maintain its record of sector-leading distributions. The company's record performance has been driven by locking in higher power prices through power purchase agreements (PPAs - which allow BFSI to sell energy at an agreed price, over a certain period of time). Thanks to the execution of these contracts, the board has good visibility over the bulk of company earnings for the next few years.

BSIF is now 10 years old and as at 30 June 2023 had delivered annualised returns of 6.6% to shareholders. The company has an attractive pipeline of new investment opportunities totalling over 1.4GW. We share the chairman's frustration that the discount to net asset value (NAV) constrains BSIF's ability to fund these with fresh equity.

Full Research:

https://quoteddata.com/research/bluefield-solar-income-fund-record-year-supports-growth-strategy-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Bluefield Solar Income Fund and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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