Bluefield Solar announces 62.4 MW of CfD auction awards

Bluefield Solar Income Fund Ltd (LON:BSIF) today said it has secured solar projects totalling 62.4 MW in the UK government’s latest Contracts for Difference (CfD) auction round.

The London-listed income fund will receive support for 100% of the generating capacity of its 49.9-MW Yelvertoft scheme in Northamptonshire, and the 6.5-MW Romsey and 6-MW Oulton photovoltaic (PV) projects in Hampshire and Norfolk, respectively.

The CfDs were won at an inflation-indexed strike price of GBP 45.99 (USD 45.44/EUR 44.64) per MWh in 2012 prices and GBP 57.48/MWh in 22 equivalent prices. They will come into force on March 31, 2025, and will be valid for a term of 15 years.

The outcome of the CfD auction’s fourth allocation round was announced last month. It secured nearly 11 GW of clean energy, including almost 0.9 GW of onshore wind and more than 2.2 GW of solar.

"We believe that we could be entering the next phase of new ground mounted solar investment in the UK and that the Company is perfectly poised to capitalise on this growth opportunity,” said John Rennocks, chairman of Bluefield Solar.

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