Bluefield swells UK PV portfolio

The PV array at Toyota's Burnaston plant in Derbyshire, UK

The Bluefield-owned PV array at Toyota's Burnaston plant in Derbyshire, UK

British PV aggregator Bluefield has committed £71m ($113.9m) to buying another five UK projects, and claims it is in “advanced negotiations” to invest another £175m, which would require a follow-on share sale. 

In July Bluefield raised £130m in an initial public offering with the intention of buying up PV plants across the UK, now seen as one of the most attractive solar markets in Europe.

Since raising that war chest, Bluefield has spent £25m on two ground-mount plants, built by Solarcentury and Ikaros Solar. Bluefield’s latest splurge, however, will lift its position in the UK to a new level, giving it 83MW of IPO-funded capacity – purchased at an average price of £1.16m per MW.

Bluefield’s latest five projects are all located in south Log in to read complete article.

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