Bluefield Solar : BSIF – new acquisitions

Bluefield Solar is making two additions to its portfolio of solar parks, buying a 8.5MW plant in Devon (on a greenfield site, pictured, Capelands Farm close to Exmoor National Park) and a 6MW plant in Somerset. The cost for both projects is £15m and they are being built by Juwi AG, a German renewable energy contractor (the announcement does not indicate when they are likely to be completed) . The projects are expected to attract government subsidy at a rate of 1.4 ROCs.

Following this transaction, Bluefield Solar will have 12 plants capable of generating 143MW. It has reconfirmed its intention to pay a 4p dividend for the year ended 30 June 2014 and at least 7p per annum thereafter (rising in line with RPI).

The plants have been acquired using the £50m facility provided by the Royal Bank of Scotland.

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