Bluefield Solar’s unaudited Net Asset Value (NAV) fell slightly in the first quarter of the year, to £850.2 million, or 139.1 pence per share. The company posted a NAV of £870.7 million in Q4 2022.
UK income fund Bluefield Solar has announced the refinancing and extension of its £110 million loan with NatWest, increasing it to £130 million with its maturity date extended from September 2023 to December 2039.
Bluefield Solar’s gains from fixed PPA prices will be largely offset by the new windfall tax on low-carbon generation, it said in its report for the second half of 2022.
Bluefield Solar has raised £150 million to pay down its fully drawn Revolving Credit Facility (RCF) following its acquisition of a 93MW portfolio earlier this month.
