Bluefield Solar Income Fund (BSIF) has said it is ready to shift gear following the looming closure of the Renewables Obligation Certificate subsidy scheme.
However the investor, one of UK solar’s largest by portfolio size, has cooled expectations of it to delve into the secondary market and instead pointed towards the potential for its asset management team to maximise returns from existing plants.
BSIF this morning released its interim results for the six month period ended 31 December 2016, reporting underlying earnings of £11.6 million for the period on the back of portfolio generation 4.6% ahead of forecast.
Chairman John Rennocks lauded the firm’s strategy of being acquisitive in the primary market and taking assets through construction – a differentiator between it and other funds in the sector – saying the model had “prevailed for the past three years”.
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