The placement, backed by more than 50 institutions, "gives the company the platform to execute its previously described pipeline and consolidate its position as the leading solar asset focused company in terms of size, portfolio and returns", says John Rennocks, chairman of the London-based company.

Earlier this year Bluefield bought two large-scale solar plants totalling 14.5MW to be constructed in southwest England, adding to its previous portfolio of 12 UK projects.

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