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Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. 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 onshore wind, hydro and storage technologies. Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends. The majority of the Group s revenue streams are regulated and non-correlated to the UK energy market. 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 543 Megawatt peak.
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This is the third in a series of articles investigating growth sectors, developing technologies and niche themes that adventurous private investors can back in their Isas – and how they might do so. The previous one, on open-ended funds in the environmental sector, is here.
The UK s energy mix is in the process of transitioning from coal and gas towards renewables and has been for some time. During the first quarter of 2020, 47 per cent of the UK s electricity generation came from wind and solar.
When all sources of renewables are included, such as biomass and hydro, the forecast is for around 80 per cent of our power to come from renewables by 2040.