Bluefield swoops for UK PV

The Bluefield Solar Income Fund, which in July raised £130m ($202.5m) in an initial public offering in London, will spend £17m on a Solarcentury-built PV plant in Norfolk, representing its second project acquisition.

The deal eclipses Bluefield’s first acquisition last month, when it splashed £12m on a ground-mount plant in Oxfordshire built by Belgian contractor Ikaros Solar.

The latest plant is under construction near Hardingham, east England, with generation expected in December. Under a separate agreement, Solarcentury will handle operations and maintenance work. Bluefield did not disclose the size of the Norfolk project.

Solarcentury has previously spoken of its 14.8MW “Hardingham Solar Park”. Bluefield’s successful IPO, backed significantly by institutional investors, underscored the growing maturity of the UK solar market.

Bluefield intends to invest all of the capital it Log in to read complete article.

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