Proactive - Interviews for investors

Bluefield Solar Income Fund hits dividend target amid market headwinds

Episode Summary

Bluefield Partners managing partner James Armstrong talked with Proactive's Stephen Gunnion about the latest performance and future outlook for the Bluefield Solar Income Fund (LSE:BSIF). Releasing results for the year to 30 June, 2024, Armstrong highlighted that despite facing some headwinds, including lower radiation levels and a slight dip in production, the fund successfully delivered an 8.8 pence per share dividend, which is one of the highest in the infrastructure sector. This translates to a dividend yield of around 8.3%, a highly attractive return for shareholders. Armstrong emphasised the fund’s proprietary pipeline of 1.5GW of solar assets, with 800MW ready to build. He also discussed the strategic importance of Bluefield Solar's partnership with GLIL and their ongoing focus on capital allocation through share buybacks and reducing revolving credit. Furthermore, the fund's ESG initiatives were spotlighted, having generated renewable energy sufficient to power 300,000 UK homes in the last year. "The most pleasing thing for us was that we have executed what we agreed with our shareholders, creating liquidity and preparing for future growth," Armstrong said. To hear more about the Bluefield Solar Income Fund’s plans, its development pipeline, and its growth strategy for the future, check out the full interview. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #BluefieldSolar #RenewableEnergy #ESGInvesting #SolarEnergy #IncomeFund #DividendInvesting #ShareholderValue #ProactiveInvestors #JamesArmstrong #UKInvesting #CleanEnergy #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews