Promotion to the FTSE 250

23 September 2022

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Promotion to the FTSE 250

9.91%¹ Annualised Shareholder Returns since July 2013 IPO

Bluefield Solar is pleased to announce that it has been included in the London Stock Exchange's FTSE 250 index following the latest quarterly reshuffle. The promotion to the FTSE 250 came into effect at market close on Friday, 16 September 2022.

Bluefield Solar is a London listed income fund focused on acquiring and managing renewable energy and storage projects in the UK to provide long term, growing dividends for its shareholders, whilst furthering the decarbonisation of the energy system. It owns and operates one of the UK's largest, diversified portfolios of solar and wind assets with a combined installed power capacity in excess of 766 MWp.

John Rennocks, Chairman of Bluefield Solar, said: "We are proud to announce Bluefield Solar's promotion to the FTSE 250, which marks a further significant milestone in the growth of the Company. The increasing asset base of the portfolio has enabled shareholders to access one of the largest portfolios of UK renewable assets available to the public investor. In recent years this diversification has continued, not only in adding additional attractive solar assets to the portfolio, but also providing selective exposure to wind and storage assets in the UK. Since listing in July 2013, the Company has delivered shareholder total returns of 138.5%¹ and annualised returns of 9.91%¹".

James Armstrong, Managing Partner of Bluefield Partners LLP, the Investment Adviser to Bluefield Solar, said: "When we floated the Company in 2013 we were the first solar focused fund to be listed on the Main Market in London. Nine years on, energy markets are being transformed both by the turbulence being seen in fossil fuel markets and by the remarkable progress seen in renewable energy; Bluefield's portfolio alone is now producing close to 3% of the UK's electricity during its peak production in the summer. This has been achieved by the talented and dedicated teams at the Bluefield Group who have built one of the highest performing portfolios in the sector. Solar and wind are now the lowest cost sources of electricity, which can be rapidly deployed and add to the UK's energy security. The next decade should, therefore, see a further transformation in the energy markets with renewables and Bluefield Solar delivering cost effective and secure power for the UK."

¹data from Bloomberg L.P. accessed 22 September 2022

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Notes to editors:

About Bluefield Solar

Bluefield Solar is a sterling income fund focused on acquiring and managing renewable energy and storage projects in the UK, to provide long term, growing dividends for its shareholders whilst furthering the decarbonisation of the energy system. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into other technologies, such as wind and storage. The majority of the Company's revenue streams are regulated and non-correlated to short term UK energy market fluctuations. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 766 MWp.

Bluefield Solar is listed on the Main Market of the London Stock Exchange and is a member of the FTSE 250, classified within the Closed End Investments subsector.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners LLP was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The team has been involved in over £4 billion renewable funds and/or transactions in both the UK and Europe, including over £1 billion in the UK since December 2011.

Bluefield Partners LLP has led the acquisitions of, and currently advises on, over 100 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, it is supported by a dedicated and experienced team of investment, legal and portfolio executives. Bluefield Partners LLP was appointed Investment Adviser to Bluefield Solar in June 2013.