Bluefield Solar Income Fund’s net asset value has dropped almost two percent in the past year due to falling power prices in the UK.
The value of the fund, which now owns about 400MW of solar capacity, was £310 million at the end of March, compared with £315.2 million a year ago. This is largely due to lower long term power price forecasts, it said.
The price forecasts have dropped by a year-on-year average of 31.8% since April 2014.
BSIF chairman John Rennocks said: “The board is pleased that sound acquisitions and effective operations of our plants have enabled us to sustain the company’s dividend targets in the face of some market headwinds due to declining power prices.”
Image: Solarcentury
