Bluefield Solar Income Fund – Politicians cloud otherwise bright future
There are a lot of moving parts that go into making Bluefield Solar Income Fund (BSIF) run smoothly. However, when brought together as one, the aim is that BSIF should be a fund that offers investors attractive, relatively predictable and largely inflation-linked levels of income, plus the prospect of capital growth.In recent months, the actions of successive UK governments and sharp increases in bond yields appear to have unnerved investors in the sector. BSIF and its peers have experienced some discount volatility.
However, BSIF’s latest solar plants have secured long-term, predictable, and inflation-linked income through CfD arrangements and there is also greater clarity on windfall taxes and the impact of higher discount rates. These might be factors behind BSIF trading closer to NAV again. The chairman says BSIF’s latest acquisition (see page 13) helps underpin the board’s confidence in delivering its FY2022/23 dividend target of 8.4p per share.
Bluefield Solar Income Fund is a closed-ended investment company. Co. invests in a portfolio of solar energy assets, each located within the U.K., with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites.
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