Walking on sunshine
Faced with rising prices for secondary solar power projects, Bluefield Solar Income Fund (BSIF) has taken a strategic decision not to focus on growing its portfolio during the last couple of years. Instead, a focus on increasing operational efficiency, coupled with a 32.5% increase in the power price, has helped deliver a 16.2% year-on-year uplift in BSIF’s underlying earnings for the year ended 30 June 2018 (from 8.32p per share to 9.67p per share). BSIF has an annual dividend target that, after the repayment of debt, is linked to the retail prices index, which is 7.68p for the year ending 30 June 2019 - a 6.0% yield on the current share price. BSIF offers one of the highest yields in its sector.
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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