GLIL Infrastructure and Bluefield Solar have expanded their UK renewables partnership with a third-stage investment into a 250MW solar portfolio.
The deal, made through joint venture Lyceum Solar, will see GLIL acquire a 75% stake in seven solar assets across southern and central England.
The portfolio includes one operational solar project, one under-construction battery energy storage system and four ready-to-build solar schemes. Several of the projects have secured Contracts for Difference under AR5 and AR6.
The move follows GLIL and Bluefield’s initial £200m investment in December 2023, which created a 247MW portfolio of 58 operational projects, and a further £141m deal in July 2024.
Together, the three stages create one of the UK’s largest and most diverse solar and battery portfolios, with a combined capacity of 626MW.
Jing Zhao, deputy portfolio manager at GLIL, said: “This completes what is now one of the largest and most diverse solar and battery portfolios in the UK.
“Our partnership with Bluefield Solar is just one of the ways that we’re securing UK opportunities in infrastructure that will deliver stable, inflation-linked returns to our members, while also supporting economic growth and job creation.”
Neil Wood, partner at Bluefield Partners, the investment adviser to Bluefield Solar, said: “In just 18 months Bluefield, with GLIL, has built one of the premier solar and battery portfolios in the UK with an energy capacity of 626MW.
“By combining long-term capital with Bluefield’s operational expertise, we are delivering scalable solar and storage projects that enhance grid resilience and support energy independence.”
GLIL said the transaction reflects its strategy to increase exposure to development and construction projects, alongside its £4.1bn infrastructure investment programme on behalf of UK pension funds.