Bluefield Solar Income Fund has started trading on the London Stock Exchange. This marked the admission of the company's shares for unconditional trading.
In its initial public offering, Bluefield was able to raise GBP130 million as gross proceeds. The company was able to sell 130 million shares through the IPO.
"We view this first successful IPO of a solar fund in the UK as a pivotal moment in the growth of large-scale UK solar," said James Armstrong, Bluefield Partners manager and a fund investment manager.
Armstrong added, "The fund has been backed by a broad range of investors, including some of the largest fund management groups globally and in the UK, which is a clear reflection that solar energy assets are rightly being recognised as a great way to earn long term, stable income."
Bluefield Solar Income Fund focused on large-scale assets in the agricultural and industrial solar sectors. Net proceeds will be invested in UK-based assets within 12 months.
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