Bluefield Solar Income Fund Limited Update from QuotedData
October 04 2023 - 11:31AM
RNS Non-Regulatory
TIDMBSIF
Bluefield Solar Income Fund Limited
04 October 2023
Bluefield Solar Income Fund - Update from QuotedData
4(th) October 2023
Record year supports growth strategy
While share prices across the whole of the renewable energy
infrastructure sector have been under pressure over the past 12-18
months, the execution by Bluefield Solar Income Fund (BSIF) has
remained impressive, helping it to maintain its record of
sector-leading distributions. The company's record performance has
been driven by locking in higher power prices through power
purchase agreements (PPAs - which allow BFSI to sell energy at an
agreed price, over a certain period of time). Thanks to the
execution of these contracts, the board has good visibility over
the bulk of company earnings for the next few years.
BSIF is now 10 years old and as at 30 June 2023 had delivered
annualised returns of 6.6% to shareholders. The company has an
attractive pipeline of new investment opportunities totalling over
1.4GW. We share the chairman's frustration that the discount to net
asset value (NAV) constrains BSIF's ability to fund these with
fresh equity.
Full Research:
https://quoteddata.com/research/bluefield-solar-income-fund-record-year-supports-growth-strategy-qd/
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