Bluefield Solar Secures £120m Loan For 249MW Portfolio
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London. This week Bluefield Solar Income Fund secured a term loan facility of up to £120 million, split equally between Santander and NatWest, to finance construction of four solar projects totaling 249MW in North East England. The company acquired the sites in late 2025 and said funds will be drawn during construction toward targeted connections in 2027–2028.
Chair Michael Gibbons said lenders’ strong interest reflected the sector’s attractiveness; all four projects hold CfD support across Allocation Rounds 5, 6 and 7. The portfolio represents about 34% of Bluefield’s ready-to-build pipeline. Market data this week showed the stock at 78.23p, down 0.5% intra-day and about 18% over 12 months, as the company prepares construction draws.
More context
Timeline
- 1. Late 2025 — Bluefield co-develops and then acquires four solar sites in North East England.
- 2. Early 2026 — Projects obtain Gate 2 Phase 1 offers and CfD awards across AR5, AR6 and AR7.
- 3. This week — Bluefield announces financial close on up to GBP120m term loan commitments.
- 4. 2026–2027 — Funds to be drawn in stages during construction phases across the four projects.
- 5. 2027–2028 — Targeted grid connection dates for the four solar projects.
Why it matters
Bluefield's solar projects mean cleaner energy for North East England. If you live there, you could see a shift in your energy source. For investors, it's a sign of growing interest in renewable energy. Check your portfolio for green energy opportunities.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
