Bluefield Solar Income Fund is focused on the acquisition and management of a diversified portfolio of large scale solar energy in the UK. The Company seeks to provide shareholders with an attractive return, principally in the form of semi-annual income distributions.
Bluefield Solar Income Fund invests in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites. The Group will target long life solar energy infrastructure, expected to generate stable renewable energy output over a 25 year asset life.
The Company is targeting an initial dividend in respect of the first financial year ending 30 June 2014 of 4 pence per Ordinary Share, rising to 7 pence per Ordinary Share in respect of the second financial year ending 30 June 2015 and with the intention of this increasing annually thereafter in line with RPI. Subject to maintaining a prudential level of reserves, the Company does not expect to reinvest cash flows in order to achieve its target returns, but together with asset performance optimisation, will seek to achieve distributions of up to 9 pence per Ordinary Share.