Bluefield Solar completes second phase of strategic partnership with GLIL with £70m sale

Proactive - Interviews for investors

Bluefield Partners managing partner, James Armstrong, discusses the Bluefield Solar Income Fund (LSE:BSIF) executing phase two of its strategic partnership with GLIL with Proactive's Stephen Gunnion. Armstrong noted that he partnership with GLIL, one of the largest direct investors in the local authority pension space, is pivotal for Bluefield Solar Income Fund. Armstrong elaborated on the three-phase partnership, which began before Christmas with the acquisition of Light Source bp assets. Phase two, involves GLIL acquiring 50% of a portfolio initially fully owned by Bluefield Solar Income Fund. Armstrong highlighted this as a key landmark deal that validates Bluefield's net asset value (NAV), creates liquidity, and sets the stage for the final phase: co-developing new solar assets with GLIL. He detailed that the proceeds from phase two will primarily be used to pay down Bluefield's revolving credit facility, with a portion allocated to developing 17MW of new solar assets. Despite being a small part of their overall 1.5GW development pipeline, these assets mark an important step in their partnership with GLIL. Armstrong also reiterated Bluefield's confidence in their financial position, announcing a full-year dividend of not less than 8.8 pence per share, supported by high levels of index-linked regulated revenues and a stable asset base. For more updates, don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #BluefieldSolar #RenewableEnergy #SolarInvestment #GLILPartnership #JamesArmstrong #SustainableEnergy #GreenInvestments #DividendYield #ProactiveInvestors #SolarAssets #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews