Bluefield Solar’s Acquisition of 109 Small-Scale Wind Turbines

Pinsent Masons has advised Bluefield Solar Income Fund on its acquisition of a portfolio of wind turbines from Arena Capital Partners Limited.

UK-based income fund Bluefield Solar has acquired a wind portfolio and co-located solar and battery projects.

The wind portfolio comprises 109 small-scale onshore wind turbines and was acquired for a consideration of around £63m ($87.1m), including working capital and transaction fees.

The solar and battery storage assets are co-located in north-east Lincolnshire, UK. Construction works on them are expected to begin next year.

Bluefield Solar (LON: BSIF) is an investment fund focused on the acquisition and management of low carbon assets in the United Kingdom. 

Pinsent Masons advised Bluefield on the legal due diligence and transaction support across the entire portfolio with a team led by partner Richard Murphy (Picture) and made up of colleagues across England, Scotland and Northern Ireland including Cora McLoughlin, James Todd, Michael Hamill, David Ross and Peter Morley. 

 

Involved fees earner: Michael Hamill – Pinsent Masons; Cora McLoughlin – Pinsent Masons; Peter Morley – Pinsent Masons; Richard Murphy – Pinsent Masons; David Ross – Pinsent Masons; James Todd – Pinsent Masons;

Law Firms: Pinsent Masons;

Clients: Bluefield Solar Income Fund ;

Author: Federica Tiefenthaler