Bluefield Solar Income Fund Limited Director Retirement and New Audit Chair (0233O)
September 29 2023 - 1:00AM
UK Regulatory
TIDMBSIF
RNS Number : 0233O
Bluefield Solar Income Fund Limited
29 September 2023
29 September 2023
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Director Retirement and New Audit Chair
Bluefield Solar (LON: BSIF), the London listed income fund
focused on acquiring and managing renewable energy and storage
assets predominantly in the UK , announces that Paul Le Page, who
has served as a non-executive director and Chair of the Audit and
Risk Committee since the Company's launch in 2013, will retire from
the Board of the Company with effect from 30 September 2023.
The Company extends its thanks to Paul for his invaluable
vision, hard work and dedication to Bluefield Solar as the Audit
and Risk Committee Chair for the last ten years.
The Company also announces the following changes to the roles
and responsibilities of some of the directors, with effect from 30
September 2023, in accordance with listing rule 9.6.11:
In line with the information provided in the Annual Report
released on 28 September 2023, Elizabeth (Libby) Burne will be
appointed as the Chair of the Audit and Risk Committee with effect
from 30 September 2023 following Paul Le Page's retirement from the
Board of the Company. Libby is also the Chair of the Management
Engagement and Service Provider Committee.
John Scott, Chair of Bluefield Solar, said:
"It has been a pleasure to work with Paul since the launch of
the Company back in 2013. He has been an integral part of the
success that the Company enjoys today, in particular through his
excellent leadership of the Audit and Risk Committee. Libby Burne
will be taking over the role and I have no doubt that she will
continue the example set by Paul."
James Armstrong, Managing Partner of Bluefield Partners,
said:
"The senior management team at Bluefield Partners has worked
closely with Paul since the IPO in 2013 and has benefitted from his
wise counsel and extensive technical knowledge. I wish him well for
the future. We are delighted that Libby has taken over as the Chair
of the Audit and Risk Committee and we look forward to continuing
the success of the Company."
The Board has initiated a recruitment process to identify a
suitable director to be appointed in Paul's stead. A further
announcement will be made in due course.
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20 7078 0020
Adviser) www.bluefieldllp.com
James Armstrong / Neil Wood / Giovanni
Terranova
Numis Securities Limited (Company Broker) Tel: +44 (0) 20 7260 1000
Tod Davis / David Benda / Matt Goss www.numis.com
Ocorian Tel: +44 (0) 1481 742 742
(Company Secretary & Administrator) www.ocorian.com
Patrick Ogier
Media enquiries:
Buchanan (PR Adviser) Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Henry Wilson www.buchanan.uk.com
BSIF@buchanan.uk.com
Notes to Editors
About Bluefield Solar
Bluefield Solar is a London listed UK income fund primarily
focused on acquiring and managing solar 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. The majority of
the Company's revenue streams are regulated and non-correlated to
short term UK energy market fluctuations. Bluefield Solar owns and
operates an 812MWp UK portfolio, comprised of 754MWp of solar and
58MWp of onshore wind.
Further information can be viewed at 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 GBP6.5 billion
renewable funds and/or transactions in both the UK and Europe,
including over GBP1 billion in the UK since December 2011.
Bluefield Partners LLP has led the acquisitions of, and
currently advises on, over 100 UK based solar PV 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.
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