Last checked at 
4 Oct 2023 16:31
Bluefield Solar Income Fund - Update from QuotedData
4th October 2023
Record year supports growth strategy
While share prices across the whole of the renewable energy infrastructure sector have been under pressure over the past 12-18 months, the execution by Bluefield Solar Income Fund (BSIF) has remained impressive, helping it to maintain its record of sector-leading distributions. The company's record performance has been driven by locking in higher power prices through power purchase agreements (PPAs - which allow BFSI to sell energy at an agreed price, over a certain period of time). Thanks to the execution of these contracts, the board has good visibility over the bulk of company earnings for the next few years.
BSIF is now 10 years old and as at 30 June 2023 had delivered annualised returns of 6.6% to shareholders. The company has an attractive pipeline of new investment opportunities totalling over 1.4GW. We share the chairman's frustration that the discount to net asset value (NAV) constrains BSIF's ability to fund these with fresh equity.
Full Research:
https://quoteddata.com/research/bluefield-solar-income-fund-record-year-supports-growth-strategy-qd/
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