23rd Dec 2015 08:26
LONDON (Alliance News) - Bluefield Solar Income Fund Ltd on Wednesday said it acquired three new solar projects in Lincolnshire and Norfolk for a total of GBP16.5 million.
The company bought a 4.7 megawatt peak plant in Lincolnshire and two 4.99 megawatt peak plants in Norfolk, all of which are due to be operational by the end of March 2016.
"These acquisitions are the first part of the prospective pipeline the company is pursuing which, despite the recent regulatory changes, demonstrates the continuing potential of the UK solar market," said John Rennocks, the chairman of Bluefield Solar, referring to the clawing back of renewable-energy subsidies by the UK government since May.
Shares in Bluefield were up 0.7% to 101.24 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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