RCS - Bluefield Solar Inc. - Update from QuotedData

Bluefield Solar Income FundAnnouncement

05/11/2024 15:30

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RNS Number : 0487L  Bluefield Solar Income Fund Limited  05 November 2024

Bluefield Solar Income Fund - Update from QuotedData

5(th) November 2024

Compelling Opportunity

Despite its resilient business model, record of high dividends
(https://quoteddata.com/glossary/dividend/) , and deep development pipeline
(with an extensive list of upcoming projects), investors have continued to
overlook the Bluefield Solar Income Fund (BSIF). This appears to be related to
the negative sentiment surrounding the renewable energy sector.

Positively, despite the troubles of the broader sector, we see a clear path
for the company's discount (https://quoteddata.com/glossary/discount-to-nav/)
 to return to its historic premium
(https://quoteddata.com/glossary/premium/) . The new partnership with GLIL
provides an avenue for the ongoing development of its impressive pipeline,
while the recent sale of a 112MW portfolio of operating solar assets at NAV
(https://quoteddata.com/glossary/nav/)  further highlights the irrational
discount.

The improving economic outlook and falling interest rates
(https://quoteddata.com/glossary/interest-rate/)  provide another catalyst,
as will the new government's recently announced plans to decarbonise the
electricity system as part of the Clean Power 2030 mission. As manager James
Armstrong commented, in his 18 years of experience in renewables, he has never
seen such a positive regulatory outlook.

Given the ongoing execution of the trust, and the efforts of the advisory team
to ensure the long-term health of its portfolio, investors should remain
confident that BSIF's fortunes will improve.

Full Research:

https://quoteddata.com/research/bluefield-solar-income-fund-compelling-opportunity-qd/
(https://quoteddata.com/research/bluefield-solar-income-fund-compelling-opportunity-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
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NB: Marten & Co was paid to produce this note on Bluefield Solar Income
Fund Limited, and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
and regulated by the Financial Conduct Authority. Marten & Co is not
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