Bluefield Solar Income Fund Limited Guernsey Green Fund Status (2509W)
April 16 2019 - 1:00AM
UK Regulatory
TIDMBSIF
RNS Number : 2509W
Bluefield Solar Income Fund Limited
16 April 2019
16 APRIL 2019
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
GUERNSEY GREEN FUND STATUS
Bluefield Solar (LON: BSIF), a sterling income fund that invests
in UK-based solar assets, is pleased to announce that it has been
successful in obtaining Guernsey Green Fund Status.
The Guernsey Green Fund aims to provide a platform upon which
investments into various green initiatives can be made and gives
investors a trusted and transparent product that contributes to the
internationally agreed objectives of mitigating environmental
damage and climate change.
Following an application to the Guernsey Financial Services
Commission ('GFSC'), via the Route 1 suitable third party
certification route, Bluefield Solar is deemed to have met the
following investment criteria as outlined in the Guernsey Green
Fund Rules, 2018 ('The Rules'):
-- The Property of a Guernsey Green Fund shall be invested with
the aim of spreading risk and with the ultimate objective of
mitigating environmental damage resulting in a net positive outcome
for the environment;
-- A Guernsey Green Fund shall comprise 75% assets by value that
meet the Guernsey Green Fund Rules criteria. The remaining 25% must
not lessen or reduce the Guernsey Green Fund's overall objective of
mitigating environmental damage nor comprise an investment of a
type specified within schedule 3 of The Rules;
-- A Guernsey Green Fund shall only comprise assets permitted to
be held under its principal documents or prospectus and of a nature
described in its prospectus; and
-- A Guernsey Green Fund shall not be invested in contravention
of limits or restrictions imposed under its principal documents or
prospectus.
The Route 1 suitable third party certification was provided by
KPMG Channel Islands Limited
in the form of an independent limited assurance report and their
engagement was conducted in accordance with the International
Standard on Assurance Engagements (ISAE) 3000, Assurance
Engagements other than Audits or Reviews of Historical Financial
Information issued by the International Auditing and Assurance
Standards Board.
In fulfilling the above investment criteria, Bluefield Solar
invests in a diversified portfolio of solar energy assets, each
located within the UK, with a focus on utility scale assets and
portfolios on greenfield sites. The Group targets long life solar
energy infrastructure, expected to generate stable renewable energy
output over a 25 year asset life. Bluefield Solar incorporates
Environmental Social & Governance policies into its investment
processes and is conscious of its environmental and social impact.
The production of renewable energy equates to a significant amount
of CO2 emissions saved, representing a sustainable and ethical
investment.
Further information on the Guernsey Green Fund initiative can be
found at:
https://www.weareguernsey.com/finance-industry/thematics/green-finance/
or The Rules can be found at:
https://www.gfsc.gg/industry-sectors/investment/guernsey-green-fund
- Ends -
For further information:
Bluefield Partners LLP (Company Investment Adviser) Tel: +44 (0) 20 7078 0020
James Armstrong / Mike Rand / Giovanni Terranova www.bluefieldllp.com
Numis Securities Limited (Company Broker) Tel: +44 (0) 20 7260 1000
Tod Davis / David Benda www.numis.com
Estera International Fund Managers (Guernsey) Limited Tel: +44 (0) 1481 742 742
(Company Secretary & Administrator) www.estera.com
Kevin Smith
Media enquiries: Tel: +44 (0) 20 7466 5000
Buchanan (PR Adviser) www.buchanan.uk.com
Henry Harrison-Topham / Henry Wilson / Victoria Hayns BSIF@buchanan.uk.com
Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring
and managing UK-based solar projects to generate renewable energy
for periods of typically 25 years or longer. The Company's primary
objective is to deliver to its shareholders stable, long term
sterling income via quarterly dividends, which are linked to RPI.
The majority of the Group's revenue streams are regulated and
non-correlated to traditional markets. Bluefield Solar owns and
operates one of the UK's largest, diversified portfolios of solar
assets with a combined installed power capacity in excess of 465
Megawatt peak (MWp). Further information can be viewed at
www.bluefieldsif.com
About Bluefield Partners LLP ('Bluefield')
Bluefield was established in 2009 and is an investment adviser
to companies and funds investing in solar energy infrastructure. It
has a proven record in the selection, acquisition and supervision
of large-scale energy and infrastructure assets in the UK and
Europe. The team has been involved in over GBP1.5 billion of solar
PV funds and/or transactions in both the UK and Europe since 2008,
including over GBP800 million in the UK since December 2011.
Bluefield has led the acquisitions of, and currently advises on,
over 85 UK based solar PV assets that are agriculturally,
commercially or industrially situated. Based in its London office,
Bluefield's partners are supported by a dedicated and highly
experienced team of investment, legal and portfolio executives.
Bluefield was appointed Investment Adviser to the Company in June
2013.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCBUGDSUBBBGCU
(END) Dow Jones Newswires
April 16, 2019 02:00 ET (06:00 GMT)
Bluefield Solar Income (LSE:BSIF)
Historical Stock Chart
From Apr 2024 to May 2024
Bluefield Solar Income (LSE:BSIF)
Historical Stock Chart
From May 2023 to May 2024