Bluefield’s Acquisition Spree Continues With 49.9-MW Solar Farm Purchase

UK-listed Bluefield Solar Income Fund has made its 29th acquisition with an agreement to purchase a 49.9-megawatt solar project in Norfolk for £56.5 million (US$84 million).

The price includes a bridging facility, working capital and expenses. The project was acquired from China’s Trina Solar Ltd. It was built by Maessa Telecomunicaciones, Ingenieria, Instalaciones y Servicios, S.A.

The project is also being part funded by a Royal Bank of Scotland’s £50 million revolving credit facility to a value of £20 million.  The acquisition completes the deployment of the £131 million placing programme by the company that closed in November 2014.

Bluefield’s portfolio now has a combined energy capacity of 250MW.

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