Bluefield Solar Income Fund is set to sell a 50% stake in a 112-MW portfolio of solar assets in the UK to GLIL Infrastructure. The portfolio comprises nine operational photovoltaic (PV) parks located in southern and central England, with 78 MW receiving 1.4 Renewable Obligation Certificates (ROCs) and 34 MW with 1.3 ROC accreditation.
The deal is pending regulatory approvals, which are expected to be finalized in mid-August. Proceeds from the sale will be allocated towards debt repayment and financing the construction of 17 MW of new solar capacity.
This transaction represents the second phase of a strategic partnership between Bluefield Solar and GLIL Infrastructure.
The first phase involved the joint acquisition of a 247-MW solar portfolio from Lightsource bp in January. The third phase will focus on investing in Bluefield Solar's development projects.
