TIDMBSIF

RNS Number : 9018T

Bluefield Solar Income Fund Limited

20 November 2023

 
20 November 2023

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Director Appointment

Bluefield Solar (LON: BSIF), the London listed UK income fund focused primarily on acquiring and managing solar energy assets, is pleased to announce the appointment of Mr Christopher Waldron as an independent non-executive director with effect from 1 December 2023. Mr Waldron's appointment follows an externally facilitated selection process.

Chris Waldron has over 35 years' experience as an investment manager, specialising in fixed income, hedging strategies and alternative investment mandates; until 2013 he was Chief Executive of the Edmond de Rothschild Group in the Channel Islands. Prior to joining the Edmond de Rothschild Group in 1999, Mr Waldron held investment management positions with the Bank of Bermuda, the Jardine Matheson Group and Fortis, but since 2013 he had been primarily an independent non-executive director of a number of listed funds and investment companies. From 2014 to 2020 he was a member of the States of Guernsey's Investment and Bond Sub-Committee, overseeing the management of the island's c.GBP3bn investment reserves. He is a Fellow of the Chartered Institute of Securities and Investment and is a resident of Guernsey.

Pursuant to Listing Rule 9.6.13, the Company notes that Mr Waldron is currently the non-executive chair of Crystal Amber Fund Limited which is listed on the Alternative Investment Market on the London Stock Exchange. In the previous 5 years, Mr Waldron was a non-executive chair of UK Mortgages Limited and a non-executive director of JZ Capital Partners Limited, both listed on the London Stock Exchange. Mr Waldron currently holds 30,000 ordinary shares in the Company.

John Scott, Chairman of Bluefield Solar, said:

"I am delighted to welcome Chris to the Bluefield Solar board. His appointment comes at an important point in the Company's development, with Bluefield having identified a significant proprietary pipeline of new build solar PV opportunities that will play a key role in the next phase of growth in the UK's solar market, alongside complementary opportunities in wind and storage.

"Chris brings to our Board extensive experience in investment markets and is well placed to provide the risk management and financial expertise that is essential for AIFMD compliant funds."

- Ends -

 
 For further information: 
 
  Bluefield Partners LLP (Company Investment     Tel: +44 (0) 20 7078 
  Adviser)                                                       0020 
  James Armstrong / Neil Wood / Giovanni         www.bluefieldllp.com 
  Terranova 
 
 
   Deutsche Numis (Company Broker)               Tel: +44 (0) 20 7260 
   Tod Davis / David Benda / Matt Goss                           1000 
                                                      www.dbnumis.com 
 
 
   Ocorian                                          Tel: +44 (0) 1481 
   (Company Secretary & Administrator)                        742 742 
   Chezi Hanford                                      www.ocorian.com 
 
 
   Media enquiries:                              Tel: +44 (0) 20 7466 
   Buchanan (PR Adviser)                                         5000 
   Henry Harrison-Topham / Henry Wilson           www.buchanan.uk.com 
                                                 BSIF@buchanan.uk.com

For further information:

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 812MW, comprising 754MW of solar and 58MW 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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