Bluefield Solar Income Fund (BSIF) has acquired an over 93MW solar and wind portfolio in the UK.
The new solar and wind portfolio is BSIF’s largest acquisition to date.
It comprises 15 solar plants with a total installed capacity of 64.9MW and four wind farms with a combined capacity of 28.3MW.
No details of the price or the seller were revealed.
The deal is the the third acquisition of operational assets BSIF has made in the last 12 months.
The acquisition was financed by a new £200m revolving credit facility provided by RBSi and Santander UK which has refinanced existing arrangements and supports the groups ambitious growth plans.
BSIF chair John Rennocks, said the company continues to assess “a strong pipeline of opportunities across both primary and secondary markets”.
BSIF was advised by law firm Burges Salmon.
The Burges Salmon team working on the deal was led by partners Jonathan Eves (corporate) and Victoria Allsopp (banking and finance), along with associates Bethan Penrhyn-Jones and Luke Addison, senior associates Peter Dunn and Chris Herford and solicitors Benjamin Edwards and Harrison Folland, all from the firm’s energy team.