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Bluefield responds to DECC solar proposals

23 July 2015 07:23

Bluefield Partners, the investment adviser to the Bluefield Solar Income Fund Limited, has responded to proposed changes to the regulatory support for solar assets by the Department of Energy and Climate Change.

The DECC has announced consultations on changes to financial support for solar PV and changes to Feed-in-Tariff accreditation.

Bluefield says the proposals under the consultations would have no impact on the projects currently held in the BSIF portfolio. Further, each of the sub-5MW construction projects in the pipeline currently being considered by Bluefield on behalf of BSIF would qualify for the 'grace period' as proposed in the consultations and would be eligible for the current renewables obligation (RO) level of support.

Bluefield also believes there will be future opportunities in regard to sub-5MW projects that would qualify for the grace period or that would be able to evidence the necessary significant financial commitment pursuant to the proposals, as well as further industrial and commercial projects. All of which provide a material pipeline of potential construction assets up to at least April 2017.

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Related Company: BSIF

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