Update research from QuotedData
Bluefield Solar Income Fund-Update research from QuotedData
15th Dec 2021
Executing on revised objective
Since we last published on Bluefield Solar Income Fund (BSIF), the company has raised £105.1m in an oversubscribed share issue, and completed on the purchases of its first wind and battery storage investments. The company's financial results, covering the 12-month period ended 30 June 2021, were encouraging. BSIF hit its 8p per share dividend target comfortably, maintaining its record of sector-leading distributions that are well-covered by underlying earnings (after paying back debt as it falls due for repayment).
A high proportion of government subsidy income (designed to encourage the development of solar power in the UK) means that BSIF's revenues already have a high degree of predictability and inflation-linkage. In addition, as we discuss on page 5 of this note, soaring power and carbon prices create the potential to lock in higher revenue from sales of power over the next few years.
Full research:
https://quoteddata.com/research/bluefield-solar-income-fund-executing-revised-objective-qd/
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NB: Marten & Co was paid to produce this note on Bluefield Solar Income Fund Limited and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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