Bluefield Italia Srl (‘Bluefield’)
‘Bluefield to leverage in house technical expertise to optimise efficiency’
Advised by Bluefield Italia Srl, Bluefield Revive Italia l Srl (“the vehicle”), is proud to announce purchase of ca. 5MW solar PV portfolio in Sicily and Apulia, Italy. This strategic investment is backed by Bluefield’s team of renewable energy experts.
Since commencing operations in 2010/2011, the portfolio has shown immense potential, despite previous technical challenges. Bluefield intends to capitalise on its extensive renewable sector expertise to implement critical enhancements and optimise the plant’s efficiency.
A phased panel replacement and revamping activities are scheduled to commence in 2024. This initiative aims to increase the plant’s overall productivity. The ultimate goal is to improve the returns of the fund while enabling the plants in realising their full potential for renewable energy generation.
This acquisition aligns with Italy’s ambitious target of sourcing two-thirds of its electricity from renewable energies by 2030 and strengthens Bluefield’s commitment to fostering a sustainable future. Following a successful funding round in August 2023, Bluefield is actively contributing to Italy’s renewable energy targets and the national drive towards Net zero by 2050.
For this transaction, Bluefield partnered with Legance for legal services with Cristina Martorana, Valeria Viti, Alessandro Sassoli and Lorenzo Massaro. Bluefield also partnered with Kiwa Moroni for technical advisory, and PwC for tax and accounting expertise.
About Bluefield
Founded in London in 2009, the Bluefield group of companies provides M&A, asset management, development and construction management services throughout the lifecycle of the renewable assets under management, specialising in greenfield and brownfield solar PV, onshore wind, and battery storage. With over a decade in the sector, Bluefield has developed a comprehensive platform covering investment, asset management, and technical services to speed up the shift to clean energy and net zero.
As it stands, the Bluefield group manages assets worth over €1.7 billion across the UK and EU, with a keen eye on shareholder interests. The group employs around 150 people across the UK and Europe, all committed to safeguarding assets and delivering profit with purpose for a sustainable future. For further details, visit www.bluefieldllp.com.
For further information:
Bluefield Partners LLP
Juliet Drinkwater, Investor Relations Manager
Tel: +44 (0) 7562 616 567
www.bluefieldllp.com
Bluefield Italia Srl
Alberto Paturzo, Director for Southern Europe
Tel: +39 06 9779 7145
info@bluefieldtalia.com
Forward-Looking Statements:
This press release may contain forward-looking statements that are based on current expectations and projections about future events, as of December 2023.
This press release (Press Release) has been prepared and issued, by Bluefield Italia Srl (Bluefield or the Company), a Limited Liability Company registered in Italy with registered company number MI – 2069253. Bluefield’s registered office address is Via Giovanni Boccaccio 7, Milan, 20123, Italy and its fiscal code number is 09110160968. You can contact Bluefield by post to our registered office address.
IMPORTANT NOTICE REGARDING TRACK RECORD AND PAST PERFORMANCE INFORMATION
Please note that any information in respect of past performance (including without limitation past performance of any fund advised by the Company, its group, shares in funds advised by the Company and/or their portfolio) cannot be relied upon as a guide to future performance.
This Press Release includes track record information and performance data regarding funds advised by Bluefield. Such information is not necessarily comprehensive and persons reviewing such materials should not consider such information to be indicative of the possible future performance of the fund. Past performance of funds previously or currently advised by Bluefield are not a reliable indicator and cannot be relied upon as a guide to future performance of a fund or Bluefield.
Confidentiality: This Press Release has been prepared solely for the use of the intended recipient and should not be distributed to or relied upon by any other person. This Press Release should not be taken away, reproduced, redistributed or passed on, in whole or in part, to any other person without Bluefield’s consent, other than as required by law or regulation, and must be returned on request to Bluefield and any copies thereof destroyed. By accepting this Press Release, the recipient agrees to keep confidential at all times information contained in it or made available in connection with it.
No Offer: This Press Release is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in any jurisdiction. In particular, this Press Release is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or would require any registration or licensing within such jurisdiction.
No Approval By A Regulatory Authority: Unless otherwise expressly indicated thereon, this material or any related materials have not been reviewed or approved by any rating agencies or any regulatory agency.
Not Advice: No part of the information contained in this Press Release is not intended to be, and should not be construed as, investment, financial, legal, tax or other advice, and is not a recommendation, endorsement or representation as to the suitability of any investment, fund or any other financial product. You should seek independent professional advice before making any investment or financial decision.
Accuracy: This Press Release has not been verified and is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment, is intended for information purposes only and does not constitute investment advice. The information and opinions contained in this Press Release are for background purposes only and do not purport to be full or complete. The information contained in this Press Release is based on publicly available information, internally developed data and other sources believed to be reliable, but no representation or warranty, express or implied, is made as to the accuracy, completeness or reliability of such information. Any projections or other forward-looking statements contained in this Press Release are based on assumptions that may change and actual results may differ materially from those expressed or implied in such projections or statements. No representation or warranty is given by Bluefield or any of its or their respective affiliates, related bodies, partners, shareholders, officers, employees, representatives or advisers (the Parties) as to the accuracy or completeness of any statement, information, opinion or conclusion contained in this Press Release, nor will any of the Parties, to the extent permitted by law, be liable or responsible for any loss or damage suffered as a result of or in connection with any omission, inadequacy, incompleteness or inaccuracy of this Press Release.