Bluefield Solar Income Fund has completed the refinancing of approximately £300 million as part of its management of 359 MW portfolio of solar PV assets. This solar portfolio is jointly owned with GLIL Infrastructure (GLIL). This refinancing replaces approximately £214 million of existing inflation-linked debt on the solar PV portfolio, with approximately £297 million of fixed-rate debt at an all-in rate of 5.8 per cent.
Furthermore, Bluefield Solar has over 25 per cent share in the jointly owned portfolio whereas GLIL owns the remaining share. The portfolio consists of 69 solar PV projects out of which 183 MW are supported by feed-in tariff subsidies and 128 MW are backed by renewable obligation certificates. Additionally, some solar projects with 48 MW capacity operate on a merchant basis.
Bluefield Solar Income Fund is a London-based investment company. It focuses on utility-scale solar, wind, and energy storage assets across greenfield, industrial, and commercial sites. It also engages in the acquisition and long-term management of a diversified portfolio of renewable assets in the UK.
