Bluefield Solar Income Fund : BSIF Factsheet March 2023
As at 31 March 2023
Ordinary Shares Issued
NAV per Ordinary Share1
Premium/Discount to NAV
AIC ongoing charges2
(based on 31 December 2022 calculation)
Leverage (as a percentage of GAV)1
Target Dividend per Ordinary Share (not less than)
Dividend Yield (based on target dividend)
London Stock Exchange
Financial Year End
BOARD OF DIRECTORS
Senior Independent Director
Chair of Audit Committee
Paul Le Page
Bluefield Solar Income Fund Limited ("BSIF" or the "Company") focuses, primarily, on acquiring and managing UK-based renewable energy infrastructure assets to generate stable, long term dividends for its shareholders whilst furthering the
decarbonisation of the energy system.
FINANCIAL AND OPERATIONAL HIGHLIGHTS
The Company seeks to provide Shareholders with an attractive, sustainable return, principally in the form of quarterly income distributions, by investing in a portfolio of large-scale UK based renewable energy infrastructure assets.
INVESTMENT POLICY AND STRATEGY SUMMARY
The Company invests in long life UK solar energy infrastructure, as well as having the ability to invest on a minority basis in other renewable energy assets (including non-subsidised assets) and energy storage assets. Such minority exposure will be limited to a maximum of 25 per cent. of the Company's Gross Asset Value ("GAV") calculated at the time of investment.
No single asset (excluding any third party funding or debt financing in such asset) will represent, on acquisition, more than 25 per cent. of the prevailing net asset value ("NAV").
Total non-recourse financing within the portfolio will not exceed 50 per cent. of the prevailing GAV. Short term debt to facilitate the acquisition of investments (when taken together with the project finance noted above) will also be limited so as not to exceed 50 per cent. of GAV.
Please see the Company's website for the full investment policy.
PO Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 4LY1www.bluefieldsif.com
BSIF FACTSHEET 31 March 2023
ESG AND SUSTAINABILITY
The Company continues to make good progress with the implementation of its ESG strategy and has recently satisfied its Level 2 reporting requirements under the Sustainable Finance Disclosure Regulation (SFDR). In relation to this, a recent assessment determined that the Company's current portfolio is 100% aligned with the EU Taxonomy. During the interim period, the Company also adopted a Sustainable Investment Policy and established an ESG committee.
FIGURES BASED ON FORECASTED GENERATION DATA FOR THE PERIOD 1 JULY 2022 - 30 JUNE 2023
GWh of renewable
Forecast annual CO2e
Houses powered with
AS AT 31 MARCH 2023
Northern Ireland 1.6%
0.9 ROC 3.6%
1 ROC 2.1%
Note: Graph percentages are based on capacity
PO Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 4LY2www.bluefieldsif.com
BSIF FACTSHEET 31 March 2023
AS AT 31 MARCH 2023
5 - 10MWp
10 - 45MWp
PO Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 4LY3www.bluefieldsif.com
BSIF FACTSHEET 31 March 2023
Bluefield Partners LLP
Bluefield Partners LLP was established in 2009 and is an investment adviser to companies and funds
6 New Street Square
investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and
London, EC4A 3BF
supervision of large-scale energy assets in the UK and Europe.
T: +44 (0) 207 078 0020
The Bluefield team has been involved in over £6.5 billion renewable funds and/or transactions in both
the UK and Europe, including over £1 billion for BSIF in the UK since December 2011.
Bluefield Partners LLP has led the acquisitions of, and currently advises on, over 200 solar PV and wind
assets in the UK and Europe that are agriculturally, commercially, or industrially situated. Based in its
London office, it is supported by a dedicated and experienced team of investment, legal and portfolio
executives. Bluefield Partners LLP was appointed Investment Adviser to Bluefield Solar in June 2013.
Sponsor, Broker & Financial Adviser
Administrator & Company Secretary
Numis Securities Limited
Ocorian Administration (Guernsey) Limited
45 Gresham Street
PO Box 286, Floor 2, Trafalgar Court,
London, EC2V 7BF
Les Banques, St Peter Port,
London, EC2V 6DN
Guernsey GY1 4LY
Tod Davis / David Benda
Henry Harrison-Topham / Henry Wilson
T: +44 (0)207 260 1000
T: +44 (0)1481 742 742
T: +44 (0)207 466 5000
Receiving Agent & UK Transfer Agent
Computershare Investor Services
Link Asset Services Limited
NatWest International plc
35 High Street
c/o 13 Castle Street
St Peter Port
34 Beckenham Road
Guernsey, GY1 4BE
Jersey, JE1 1ES
Beckenham, Kent, BR3 4TU
Telephone: +44 (0) 1534 281 800
Second interim dividend to be declared in respect to the financial year ending 30 June 2023
11 May 2023
Company Financial Year End
30 June 2023
Third interim dividend to be declared in respect to the financial year ending 30 June 2023
Announcement of Annual Results in respect to the financial year ending 30 June 2023
Fourth Interim dividend to be declared in respect to the financial year ending 30 June 2023
Company Financial Half-Year
31 December 2023
First interim dividend to be declared in respect to the financial year ending 30 June 2023
Announcement of Interim Results in respect to the financial year ending 30 June 2023
This Factsheet ('Factsheet') in relation to the Bluefield Solar Income Fund ('BSIF') has been prepared by BSIF and is being issued by Bluefield Partners LLP ('Bluefield'), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
No Offer: This Factsheet is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. In particular, this Factsheet is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or would require any registration or licensing within such jurisdiction. This Factsheet does not constitute or form part of, and should not be construed as, any offer for sale, placement or subscription of, or solicitation of any offer to buy or subscribe for, any interests in any fund and/or vehicle in any jurisdiction, including the United States, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever in any jurisdiction, including the United States.
Not Advice: The information contained in this Factsheet is not intended to be, and should not be construed as, investment, financial, legal, tax or other advice, and is not a recommendation, endorsement or representation as to the suitability of any investment. You should seek independent professional advice before making any investment decision.
Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. Capital at Risk.
No Approval By Regulatory Authorities: The contents of this Factsheet have not been approved by any supervisory authority or securities commission in any jurisdiction.
PO Box 286, Floor 2, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 4LY4www.bluefieldsif.com
Bluefield Solar Income Fund Limited published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2023 23:25:52 UTC.AttachmentsDisclaimerBluefield Solar Income Fund Limited29 August 202328 August 2023 23:25:52 UTC