Bluefield Solar Buying U.K. Sun-Power Farms for $83 MillionLouise Downing
Bluefield Solar Income Fund Ltd., listed in London, said it’s buying three sun-power plants in the U.K. for 54 million pounds ($83.2 million).
The fund has entered agreements to buy a 6.5-megawatt facility in Somerset, a 12.5-megawatt facility in Wiltshire and a 29-megawatt plant in Oxfordshire, it said in an e-mailed statement. Bluefield is funding the acquisitions with part of the 131 million pounds it raised in November, it said.
Bluefield, backed by CCLA Investment Management Ltd., raised 130 million pounds through an initial share sale in 2013 to buy U.K. solar parks.