REG - Bluefield Solar Inc. - Completion of £120m financing for solar portfolio

Bluefield Solar Income FundAnnouncement

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RNS Number : 2995D  Bluefield Solar Income Fund Limited  07 May 2026

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07 May 2026

 

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

 

Completion of c. £120m financing for 249MW solar portfolio

 

Bluefield Solar (LON: BSIF), the London listed UK income fund focused
primarily on acquiring and managing solar energy assets, is pleased to
announce financial close on a debt raise of up to £120 million term loan
commitments to fund the construction of four projects in the Company's
development pipeline. The facility comprises equal commitments from Santander
and NatWest, which is expected to be drawn over time during the project
construction phases.

 

The portfolio comprises 249MW of ready-to-build solar PV based in North East
England that was co-developed alongside Bluefield Renewables Development
('BRD') and then fully acquired by the Company in late 2025. This portfolio
represents c. 34% of the Company's ready-to-build solar PV pipeline. All sites
have received Gate 2 Phase 1 offers, are CfD backed (two AR5, one AR6 and one
AR7) and have targeted connection dates from 2027 to 2028.

 

Michael Gibbons, Chair of Bluefield Solar, said: "We are pleased to have
worked with Santander and NatWest to secure significant debt funding on
attractive terms to allow the Company to build out its development pipeline
and contribute further towards the UK's energy transition ambitions. The
transaction received significant interest from lenders which highlights the
attractiveness of the solar sector."

 

- Ends -

 

 For further information:

 Bluefield Solar Board                                  Tel: +44 (0) 1481 742 742

                                                      bluefieldteam@ocorian.com (mailto:bluefieldteam@ocorian.com)
 To be contacted via Ocorian

                                                      Tel: +44 (0) 20 7078 0020
 Bluefield Partners LLP (Company Investment Adviser)    www.bluefieldllp.com (http://www.bluefieldllp.com/)
 James Armstrong / Neil Wood / Giovanni Terranova

 Deutsche Numis (Joint Financial Adviser & Broker)      Tel: +44 (0) 20 7545 8000
 Hugh Jonathan / Matt Goss

                                                      Tel: +44 (0) 20 7280 5000
 Rothschild & Co (Joint Financial Adviser)

 Emmet Walsh / Jack Vellacott

 Ocorian

(Company Secretary & Administrator)

 Chezi Hanford                                          Tel: +44 (0) 1481 742 742

                                                      www.ocorian.com (http://www.ocorian.com/)

 Media enquiries:                                       Tel: +44 (0) 20 7466 5000

Burson Buchanan (PR Adviser)                          www.bursonbuchanan.com (http://www.bursonbuchanan.com/)
 Henry Harrison-Topham / Henry Wilson

                                                      BSIF@buchanan.uk.com (mailto:BSIF@buchanan.uk.com)

About Bluefield Solar

 

Bluefield Solar is a London listed income fund focused primarily on acquiring
and managing solar energy assets.  Not less than 75% of the Company's gross
assets will be invested into UK solar assets.  The Company can also invest up
to 25% of its gross assets into other technologies, such as wind and storage.
Bluefield Solar owns and operates a UK portfolio of 850MW, comprising 792MW of
solar and 58MW of onshore wind.

 

Further information can be viewed at www.bluefieldsif.com
(http://www.bluefieldsif.com/)

 

About Bluefield Partners

 

Bluefield Partners LLP was established in 2009 and is an investment adviser to
companies and funds investing in renewable energy infrastructure.  It has a
proven record in the selection, acquisition and supervision of large-scale
energy assets in the UK and Europe.  The team has been involved in over £6.3
billion renewable funds and/or transactions in both the UK and Europe,
including over £1.9 billion in the UK since December 2011.

 

Bluefield Partners LLP has led the acquisitions of, and currently advises on,
over 100 UK based solar photovoltaic assets 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.

 

Notice related to financial advisers

Deutsche Bank AG is a joint stock corporation incorporated with limited
liability in the Federal Republic of Germany, with its head office in
Frankfurt am Main where it is registered in the Commercial Register of the
District Court under number HRB 30 000. Deutsche Bank AG is authorised under
German banking law. The London branch of Deutsche Bank AG (trading for these
purposes as Deutsche Numis) ('Deutsche Numis') is registered in the register
of the companies for England and Wales (registration number BR000005) with its
registered address and principal place of business at 21 Moorfields, London,
EC2Y 9DB, United Kingdom. Deutsche Bank AG is authorised and regulated by the
European Central Bank and the German Federal Financial Supervisory Authority
(BaFin). With respect to activities undertaken in the UK, Deutsche Numis is
authorised by the Prudential Regulation Authority. It is subject to regulation
by the Financial Conduct Authority and limited regulation by the Prudential
Regulation Authority. Deutsche Numis is acting for the BSIF and for no one
else in connection with the subject matter of this announcement and will not
regard any other person (whether or not a recipient of thereof) as its client
and will not be responsible to anyone other than BSIF for providing the
protections afforded to clients of Deutsche Numis or for advising any such
person in connection with the subject matter of this announcement, or any
transaction or arrangement referred to therein.

 

N.M. Rothschild & Sons Limited ('Rothschild & Co'), which is
authorised and regulated by the Financial Conduct Authority in the United
Kingdom, is acting exclusively for BSIF and for no one else in connection with
the subject matter of this announcement and will not be responsible to anyone
other than BSIF for providing the protections afforded to its clients or for
providing advice in connection with the subject matter of this announcement.

 

Publication on website

 

In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement
will be made available (subject to certain restrictions relating to persons
resident in restricted jurisdictions) on the Company's website
https://bluefieldsif.com/ promptly following its publication and in any event
no later than 12 noon (London time) on the business day following the release
of this announcement. Neither the content of any website referred to in this
announcement nor the content of any website accessible from hyperlinks is
incorporated into, or forms part of, this announcement.

 

Additional information

 

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and conditions of any
offer, including details of how it may be accepted. The distribution of this
announcement in jurisdictions other than the United Kingdom and the
availability of any offer to shareholders of BSIF who are not resident in the
United Kingdom may be affected by the laws of relevant jurisdictions.
Therefore any persons who are subject to the laws of any jurisdiction other
than the United Kingdom or shareholders of BSIF who are not resident in the
United Kingdom will need to inform themselves about, and observe any
applicable requirements.

 

 

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