GLIL Infrastructure, in partnership with Bluefield Solar, is set to invest £200 million in acquiring 58 operational solar energy projects in the UK. The collaboration aims to purchase the 247MW solar portfolio initially developed by Lightsource bp. Bluefield Solar will contribute £20 million to the acquisition, reinforcing the strategic partnership.
Solar Portfolio Details
The solar projects, developed by Lightsource bp since 2011, are primarily located in southern and central England. GLIL plans to provisionally acquire a 50% interest in another portfolio comprising over 100MW of operational UK solar energy assets owned by Bluefield Solar. The deal includes a commitment to funding select projects from Bluefield Solar’s development pipeline, expected to be grid-connected over the next two to three years.
Strategic Partnership and Commitment to Clean Energy
GLIL Infrastructure emphasizes that this acquisition marks a robust strategic relationship with Bluefield and Lightsource bp, providing access to a significant portfolio of operational solar energy assets and a maturing development pipeline. The investment aligns with the commitment to drive the energy transition toward a sustainable net-zero economy.
Shared Vision for Asset Management
Baiju Devani, Investment Director at Bluefield Partners, Bluefield Solar’s investment adviser, expressed satisfaction in initiating the strategic partnership with GLIL. The collaboration reflects a shared multi-decade view of asset management, emphasizing the importance of long-term commitment in clean energy endeavors.
Source: realassets.ipe.com
