London-based Bluefield Solar Income Fund (BSIF) has signed a £21m ($35.1m) conditional deal to buy a 19MW PV plant near Swindon, southwest England.
which will be the fund’s ninth large-scale UK solar acquisition, is expected to
be grid-connected next month in order to qualify for 1.6 Renewable Obligation
Certificates (ROCs) under the nation’s support system
says it had capital of around £14m available before the deal for further
deal is conditional on a proposed £13m placing of new shares raising a minimum
of £8m, the fund says. It plans to use
the additional £5m raised to “access
additional investment opportunities”.
Wirsol Solar UK is building the facility and will provide ongoing operation and