Guernsey-Based Innovative Renewable Energy Fund Lists On LSE

Guernsey's growing reputation as a centre of excellence for launching listed renewable energy funds has been reinforced by the innovative Bluefield Solar Income Fund.

The Guernsey registered, closed-ended collective investment scheme has raised £130 million on listing on the premium segment of the London Stock Exchange (LSE) on 12 July 2013.

A first of its kind in the UK, the fund will focus on investing in large scale agricultural and industrial PV (Photovoltaic) solar assets.

Carey Olsen advised on the establishment of the fund as a Guernsey structure and all relevant regulatory approvals with the Guernsey Financial Services Commission (GFSC). Ben Morgan, Corporate Partner and Annette Alexander, Senior Associate, led the team and partnered with Norton Rose as lead counsel.