Overview
Bluefield Solar has announced the acquisition of three UK-based, large scale solar plants. The three assets include a 6.5MWp plant in Somerset, a 12.5MWp plant in Wiltshire, and a 29MWp plant in Oxfordshire. They are being acquired for a total consideration of £54m, including transaction costs and working capital. Each is expected to qualify under the 1.4 Renewable Obligation Certificate (“ROC”) regime.
At the same time the company has confirmed that it expects to meet its dividend target of 7p per share for the current financial year (ending on 30 June 2015), with the intention of this rising annually with RPI thereafter.