25th Feb 2016 10:19
LONDON (Alliance News) - Bluefield Solar Income Fund Ltd on Thursday said its net asset value dipped in the first half of its financial year to the end of December, but said it remains confident on hitting its return targets.
Bluefield said its net asset value per share at the close of December was 101.79 pence, down from 103.58p per share at the end of June.
Over the course of the half year, the group added 34 solar plants to its portfolio through seven transactions totalling GBP31.7 million in investment. Since the end of the half, the fund has bought another nine solar plants for GBP148.6 million.
Despite the fall in power prices during the half, Bluefield said it remained confident in hitting its return targets thanks to the attractively-priced acquisitions it has made and through the strong protections written into the contracts on its books.
Bluefield shares were up 1.6% to 96.50p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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