Bluefield Solar Income Share Discussion Threads

[masurenguy] 15/8/2022 07:36

62.4MW Planned Solar Contracts for Difference Secured

Bluefield Solar is pleased to announce that it has successfully secured additional solar contracts in the UK. The Company has been awarded contracts on 62.4MW of planned additional capacity through the fourth Contracts for Difference ('CfD') Allocation Round ('AR4') announced last month. AR4 is the first allocation round since AR1 in 2015 in which solar has been able to participate, with contracts over 2.2GW being offered. The CfD scheme is the UK government's main mechanism for supporting low-carbon electricity generation and helps facilitate the UK's ambition to reach net-zero emissions by 2050. The CfDs have been secured for 100% of the generating capacity of Yelvertoft (49.9MW), Romsey (6.5MW) and Oulton (6.0MW), the Company's latest new-build UK solar projects. The CfD contracts have a 15 years' duration, are index linked to inflation (CPI) annually, and are scheduled to commence from 31 March 2025 at the AR4 solar PV strike price of £45.99/MWh - set in 2012 equivalent prices - or £57.48/MWh in 2022 equivalent prices .

John Rennocks, Chairman of Bluefield Solar, commented :"We are delighted to have secured 62.4MW capacity in this round and are excited about continuing to play a leading role in the UK's energy transition. It is also significant that the solar power sector was awarded 2.2GW of CfD contracts in AR4 at prices that represent roughly half of the cost of new nuclear investments and a quarter the current price of gas-generated electricity . This underlines the significant role that solar can, and should, play in being a solution to the energy crisis whilst adding to the UK's energy security. We believe that we could be entering the next phase of new ground mounted solar investment in the UK and that the Company is perfectly poised to capitalise on this growth opportunity."

[tournesol] 11/8/2022 09:07

Ex div today. Hence the drop.

[mrbt] 07/8/2022 13:59

If you are interested in how much electricity is generated by solar try Energy Dashboard

[nerja] 04/8/2022 15:15

Some very large trades going through today

[cwa1] 02/8/2022 07:11

2 August 2022

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Third Interim Dividend Announcement

Bluefield Solar (LON: BSIF) the London listed income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, is pleased to announce the Company's third interim dividend for the financial year which ended on 30 June 2022 (the 'Third Interim Dividend').

The Third Interim Dividend of 2.05 pence per Ordinary Share (July 2021: 2.00 pence per Ordinary Share) will be payable to Shareholders on the register as at 12 August 2022, with an associated ex-dividend date of 11 August 2022 and a payment date on or around 23 August 2022.

Furthermore, the Board is pleased to reconfirm its guidance of a full year dividend of not less than 8.16 pence per Ordinary Share for the financial year ending 30 June 2022 (2021: 8.00 pence). This is expected to be covered by earnings and is post debt amortisation.

[18bt] 01/8/2022 07:19

This from Foresight Solar this morning on their 5.7% increase in NAV: "a further upward revision in the power price forecasts, based upon the forecasts of the Company's three independent advisors, which resulted in a 3.4 pence per share uplift for Q2. This uplift was itself slightly offset by an increase to the long-term solar capture price discounts."

[stevegrass777] 28/7/2022 12:00

Surly eventually the price of electricity has got to trickle down here.
New contracts will be signed at a much higher rate I'm sure.
Hopfully the divi will be even stronger.

[gateside] 28/7/2022 11:27

We usually have had the latest dividend announcement by now. Hopefully we'll hear soon.

[tournesol] 13/7/2022 12:33

I'm happy to see the BSIF share price holding steady. And looking forward to collecting those very solid dividends.

[tournesol] 13/7/2022 12:31

If a share price rises/falls in a market and nobody discusses it, does it make an impact?

[tournesol] 13/7/2022 12:30

If a tree falls in the forest and nobody hears it, does it make a noise?

[gateside] 29/6/2022 07:54

Being in the FTSE250 should attract more institutions to buy into BSIF

[gateside] 29/6/2022 07:53

As a result of the fundraise and as BSIF have outperformed many other companies recently, at the next quarterly review, which is on 1st September, BSIF look like a certainty to be promoted to the FTSE250 for the first to me.

[kaffee] 29/6/2022 06:41

Should we be stopping to think why L&G might have exited ? They trumpet ESG issues. Seems a counter intuitive move.

[18bt] 28/6/2022 08:25

Thanks - I wondered whether it allowed you to "play" the constant capital raising, which is essentially your yield point. There are slight differences in their business models and % RPI linked, but FWIW I stick to one, primarily because I don't have time to follow more, which isn't a very good reason!

[masurenguy] 28/6/2022 08:11

18BT - I like the sector and have just spread the investment over 3 companies to mitigate any individual risk and to capture the variation in yield. This sector accounts for circa 26% of my investment ISA fund but circa 70% is in BSIF and around 15% apiece in the other two funds. When I first invested in BSIF over 5 years ago, the yield was higher than FSFL and NESF but having entered the latter two at just under and over 100p last year their yield is now marginally higher than BSIF.

[18bt] 28/6/2022 08:01

Masurenguy - agree with that, saw the clear out with interest. Why do you hold 3 solar funds as opposed ot just one?

[masurenguy] 28/6/2022 07:57

Over the past 6 months L & G have sold circa 23m shares as they gradually exited their holding in BSIF and now they are completely out. This could clear a hangover that capped the price increase to just 8% over that period compared to 14% at FSFL and 10% at NESF (both of which I also hold).

[gateside] 16/6/2022 21:04

With the new fund raising now complete and BSIF holding up way better than most in this awful week for the Markets, on current Market Cap it would easily enter the FTSE250.
Will have to wait the next quarterly review on 01.09.22 and see how events pan out.

[panshanger1] 16/6/2022 09:24

Seems to be a pattern ATM on the bad days All my renewable /Infra funds trading in blue

[cwa1] 16/6/2022 08:10

Always nice to see a blue start to a day where futures are as "wobbly" as they are...

[gateside] 13/6/2022 10:27

Dividend paid into my account today :-)

[masurenguy] 08/6/2022 07:28

Three directors collectively invested £41,691 by purchasing 32070 shares @130p in the offer.