Bluefield Solar Income Fund (BSIF)’s Post

Bluefield Solar Income Fund (BSIF) (LSE:BSIF) Limited’s interim results posted this Wednesday showed a robust performance for the UK solar assets investment fund. Financially, the company reported a net asset value (NAV) of £831.3 million as of December 31, slightly down from £854.2 million on June 30, 2023. Underlying earnings saw a modest 14.5% decrease to £43.9 million. The dividend target for the fiscal year has been set at no less than 8.8p per share at two-times cover, up from 8.6p in the previous fiscal year. Operational milestones during the period included the signing of a Memorandum of Understanding (MOU) with GLIL Infrastructure, marking a strategic partnership poised to fortify Bluefield Solar's investment and operational capabilities. More at #Proactive #ProactiveInvestors #LSE #BSIF #solar #investment http://ow.ly/OPiS105k09s

🎉Major Solar News!🎉 🎯 #SUNN:Cboe/ #SUUNF:OTC/ #GY2:FRA, SOLARBANK TO ACQUIRE SOLAR FLOW-THROUGH FUNDS LTD. IN ALL STOCK TRANSACTION VALUED AT $45 MILLION🎯 ✅Solarbank Corp. has entered into a definitive agreement with Solar Flow-Through Funds Ltd. (SFF) to acquire all of the issued and outstanding common shares of SFF through a plan of arrangement for an aggregate consideration of up to $41.8-million in an all-stock deal. The transaction values SFF at up to $45-million, but the consideration payable excludes the common shares of SFF currently held by Solarbank. ✅Through the transaction, Solarbank will acquire SFF's 70 operating solar power sites, along with its pipeline of battery energy storage projects (BESS) and electric vehicle charging stations. ✅Highlights and Benefits of the Transaction: 👉Continues Solarbank's strategy of creating value for all stakeholders by growing its portfolio of cash-generating independent power producer assets; 👉28.8 MW (megawatts) of long-life assets that have favourable feed-in tariff rates into the 2030s; 👉Expansion into ownership of battery energy storage projects (14.97 MW) and electric vehicle charging stations -- both key components of the net-zero energy transition; 👉All-stock transaction preserves cash for continued financing of the company's development pipeline. ✅Dr. Richard Lu, President & CEO of Solarbank commented: "This acquisition advances our strategy of creating stakeholder value through growing our portfolio of high-quality cash-generating independent power producer assets. Solarbank was actively involved in the construction of many of Solar Flow-Through's projects and knows the assets well. They all have long term government power purchase agreements at favorable rates that continue into the next decade." ✅Matthew Wayrynen, CEO of Solar Flow-Through commented: "Solar Flow-Through has been working closely with Solarbank for over a decade now. We look forward to aligning our efforts toward a shared mission of expanding and diversifying the Solarbank portfolio, increasing long-term shareholder value and contributing to a sustainable future....." 👉Full PR https://bit.ly/3xbYW5h 👉Visit SolarBank www.solarbankcorp.com #solar #esginvesting #renewable #otc #cboe Todd D. Sonoga BERT SANOZA Marlon Timkang Wade Madden RICHARD ANTHONY PIET Andrew F. Biernat, GBDS, CWCA

QuotedData have conducted an analysis of Downing’s Renewables & Infrastructure Trust (DORE), providing insights into DORE’s performance, market outlook, and current position.   Key takeaways from their extract:   • NAV total return of 33% since its IPO in December 2020 highlights the strong performance of DORE and there remains significant scope for the asset value to compound further as the portfolio develops.     • Operating profit was £24.7m, up 27% from the year prior, showcasing impressive profitability metrics given the portfolio is yet to fully mature.     • DORE announced a 7.85% increase in the 2024 target dividend, supported by a forecasted cash coverage ratio of 1.35x, highlighting stable earnings.    • DORE advanced its portfolio construction, investing £47m in 11 diversified projects across multiple technologies. “By almost every measure, DORE has delivered above expectations since its IPO in December 2020.” Read the full review here: https://lnkd.in/e2KbM2V2   Capital at risk. Returns not guaranteed.  #DORE #Renewables #Trust #Infrastructure  

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/eVCWswbC #SFDR #realestate #RenewablesInvestor

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/gSd_6bbh #SFDR #realestate #RenewablesInvestor

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/evESsDs4 #SFDR #realestate #RenewablesInvestor

BlackRock Inc., alongside Morgan Stanley investment funds, has entered into an agreement to acquire TC Energy's Portland Natural Gas Transmission System, LP in a deal valued at approximately $1.14 billion. This strategic acquisition includes taking on $250 million in debt. As part of this transaction, TC Energy, together with its partner Énergir LP, anticipates pretax cash equity proceeds of around C$740 million ($545 million). This move aligns with BlackRock's ambition to expand its footprint in the infrastructure sector, following significant investments such as the acquisition of Global Infrastructure Partners (GIP) for about $12.5 billion and a $500 million investment in Canadian Solar Inc.'s subsidiary. For TC Energy, this sale contributes to its objective of divesting C$3 billion in assets this year to alleviate its debt burden. The Portland Natural Gas Transmission System encompasses 295 miles (475 kilometers) of natural gas pipelines across northern New England and Atlantic Canada. Barclays served as the financial advisor to TC Energy and Energir for this transaction, with Bracewell LLP providing legal counsel to TC Energy. https://lnkd.in/gsHt2geY

GLIL Infrastructure and Bluefield Solar Income Fund (BSIF), the London-listed income fund (LON: BSIF), are set to inject a further £141 million into solar energy assets in the latest phase of their strategic partnership. The investment will see GLIL acquire a 50% stake in a 112MW portfolio, reiterating its commitment to invest in UK-focussed solar energy assets. The portfolio comprises nine operating sites and spans southern and central England, all backed by the relevant Renewable Obligation Certificates (‘ROCs’) accreditation. Julia Carter, CFA Carter, Deputy Portfolio Manager at GLIL Infrastructure, said: "This acquisition represents the continuation of our strong strategic relationship with the team at Bluefield Solar, as well as our commitment on behalf of our members to helping drive the energy transition." Read more: https://lnkd.in/e8uutJSh Ted Frith Jonathan Ord Richard J. Tomlinson #Pensions #LGPS #SustainableFinance #RenewableEnergy #SolarPower #InfrastructureInvestment #SustainableInvesting #EnergyTransition #UKSolar #CleanEnergy

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/ejxn7_9y #SFDR #realestate #RenewablesInvestor

Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/er3QJHWR #SFDR #realestate #RenewablesInvestor