Bluefield Solar Income fund has announced that it has made three sub-5 MegaWatts peak (MWp) solar plants. The three assets include a 4.7 MWp plant in Lincolnshire and two 4.99 MWp plants in Norfolk. The three are being acquired for a total consideration of £16.5m including transaction costs and working capital. Each plant is expected to become operational before 31 March 2016 and to qualify under the 1.3 Renewable Obligation Certificate regime. Completion of the purchases brings the number of acquisitions made by the Company to 62, with funding provided through the Royal Bank of Scotland revolving credit facility. The company says that the three plants are part of their prospective pipeline of 258 MWp that was referred to in the Company’s prospectus published on 26 October 2015.
The Company says that it can confirm that it intends to meet or exceed its target dividend of 7.07 pence per ordinary share in respect of the current financial year, which ends on 30 June 2016, with the intention of this rising annually with RPI thereafter. The total dividend for the year ended 30 June 2015 was 7.25p per share.
Bluefield Solar Income acquires three new solar plants : BSIF