1 April 2019
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Bluefield Solar (LON: BSIF), a sterling income fund that invests in UK-based solar assets, is pleased to announce the appointment of Ms Meriel Lenfestey as an independent non-executive director. Ms Lenfestey's appointment follows a rigorous, externally-facilitated, selection process managed by the Company's Nomination Committee.
Ms Lenfestey founded Flow Interactive in 1997, a London based Customer Experience Consultancy providing creative strategic and tactical expertise across all sectors embracing digital transformation. Since exiting the business in 2016 she has held a portfolio of non-executive director and advisory roles across Energy, Telecoms, Transport, Investment, Technology, E-gaming, Retail Entrepreneurial Support and local charities. She is Chair of Gemserv, a provider of consultancy and governance services helping the Energy and Health markets embrace technology-driven change and deliver large programmes effectively; Senior Independent Director at Jersey Telecom who are leading the world in full fibre, delivering innovative global IOT (Internet of Things) services and providing local data and voice services; as well as holding non-executive director roles at Aurigny Air Services, Electronic Platform Solutions and the Guernsey Enterprise Agency. She has an MA in Computer Related Design from the Royal College of Art, a Financial Times Non-Executive Director Diploma and is a Fellow of the RSA.
Chairman John Rennocks said:
"I am delighted to welcome Meriel to the Bluefield Solar board. Her appointment comes at an exciting time in the Company's development, with Bluefield evaluating opportunities to participate in the next phase in the development of the UK's solar power sector, where the industry will not have access to government subsidies on future installations.
Meriel brings to the Company her considerable commercial experience drawn from many fields, and her fellow directors look forward to applying this to the challenges and opportunities which lie ahead."
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For further information:
Bluefield Partners LLP (Company Investment Adviser)
Tel: +44 (0) 20 7078 0020
Numis Securities Limited (Company Broker)
Tel: +44 (0) 20 7260 1000
Estera International Fund Managers (Guernsey) Limited
Tel: +44 (0) 1481 742 742
Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring and managing UK-based solar projects to generate stable renewable energy for periods of typically 25 years or longer. The Company's primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends, which are linked to RPI. The majority of the Group's revenue streams are regulated and non-correlated to traditional markets. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 465 Megawatt peak (MWp).
Further information can be viewed at www.bluefieldsif.com
About Bluefield Partners LLP ('Bluefield')
Bluefield was established in 2009 and is an investment adviser to companies and funds investing in solar energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy and infrastructure assets in the UK and Europe. The team has been involved in over £1.5 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over £800 million in the UK since December 2011.
Bluefield has led the acquisitions of, and currently advises on, over 85 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, Bluefield's partners are supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield was appointed Investment Adviser to the Company in June 2013.
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