Bluefield Solar reaches 81MW in UK

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

Bluefield's PV array at Toyota's Burnaston plant in Derbyshire, England

Bluefield Solar Income Fund, the British PV aggregator, has fallen short of previous guidance which suggested it would have committed all of the proceeds from its July initial public offering by the end of 2013.

Bluefield today confirmed that it has invested into seven UK-based PV plants totalling 81MW of capacity to date – including three previously unannounced projects and an extension to an existing array.

That means that Bluefield has committed £94m ($155m) – or 75% – of the £130m it raised on the London Stock Exchange this past summer, short of its 100% ambition.

In an interim management statement issued last month, Bluefield said that it expected “the proceeds of the IPO to be fully committed in December 2013”, a feat that would Log in to read complete article.

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