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BSIF Interim Results Presentation December 2025

BSIF Interim Report and Financial Statements December 2025
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BSIF ESG Report 2025
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Bluefield Solar Income Fund

Renewable Energy, Delivered Responsibly

Important notice

Drax completed the acquisition of Bluefield Solar Income Fund (BSIF) on 31 July 2026. We are currently reviewing and updating website content to reflect the acquisition and integration of the business. Some information may therefore be updated over the coming weeks.

For more information please visit:
https://www.drax.com/solarandwind

About BSIF

Drax Solar and Wind

Drax believes solar and wind generation are playing an increasingly important role in Britain’s energy system and that as electricity demand grows and the UK continues its transition to lower-carbon sources of power, increasing renewable generation will be important in supporting energy security, affordability, and decarbonisation.

Learn more here

Disclaimer: NOTICE FOR UK PERSONS ACCESSING THIS PAGE: This page contains links to certain historical documents which were issued as at the date specified on each linked document. Such documents have not been reviewed in light of any subsequent regulatory guidance or market practice and should be used only for information or reference purposes. Any investment decision should be based exclusively on the formal offer and subscription documents for the relevant investment product, and not these historical documents.

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ATTENTION: DISCLAIMER AND IMPORTANT NOTICE

IMPORTANT NOTICE: THIS WEBSITE IS NOT INTENDED FOR, AND HAS NOT BEEN DESIGNED FOR, RETAIL INVESTORS.

IMPORTANT NOTICE AND RISK WARNING REGARDING BLUEFIELD SOLAR INCOME FUND AND OTHER FUNDS ADVISED BY BLUEFIELD PARTNERS LLP (BLUEFIELD), INCLUDING TRACK RECORD AND PAST PERFORMANCE INFORMATION

This Website includes track record information and performance data regarding the Bluefield Solar Income Fund Limited (BSIF), to which Bluefield is the Investment Adviser, or any other fund advised by Bluefield (together, the Funds). Such information is not necessarily comprehensive and users should not consider such information to be indicative of the possible future performance of the Fund. Past performance of BISF or other funds previously or currently advised by Bluefield are not a reliable indicator and cannot be relied upon as a guide to future performance of the Funds or Bluefield. Capital at Risk.

The following information applies to this Website and any related materials and you are therefore advised to read this disclaimer carefully before reading, accessing, or making any other use of, this website and any related information. The information contained within this Website and any related materials is indicative and may change without notice. Electronic versions of the materials you are looking to access are being made available on this Website in good faith and are for information purposes only.

Any person accessing the Website should carefully review its Terms of Use. By using the Website, you indicate that you accept the Terms of Use and that you agree to them. If you do not agree to the Terms of Use, please do not use this Website.

WARNING: This Website and the materials within it are not directed at or accessible by persons in the:

United States or persons resident or located in the United States;
Australia;
Canada;
Japan;
the Republic of South Africa;
any member state of the European Economic Area, with the exception of any such other member states where marketing is permitted under the Alternative Investment Fund Managers Directive (AIFMD) (together the “Eligible Member States”); or
any other jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation.

This website and certain documents contained within it have been prepared and issued by Bluefield Partners LLP (Bluefield or the Investment Adviser), which is authorised and regulated by the Financial Conduct Authority (the FCA) in the United Kingdom with FCA Firm Reference Number 507508. Bluefield is a Limited Liability Partnership registered in England and Wales with registered company number OC348071. Bluefield’s registered office address is 40 Queen Anne Street, London, W1G 9EL and its VAT registration number is GB 157803494. You can contact Bluefield by email to compliance@bluefieldllp.com or by post to our registered office address.

IMPORTANT NOTICE AND RISK WARNING REGARDING BLUEFIELD SOLAR INCOME FUND AND OTHER FUNDS ADVISED BY BLUEFIELD PARTNERS LLP (BLUEFIELD), INCLUDING TRACK RECORD AND PAST PERFORMANCE INFORMATION

This Website includes track record information and performance data regarding the Funds. Such information is not necessarily comprehensive and users should not consider such information to be indicative of the possible future performance of the Fund. Past performance of BISF or other funds previously or currently advised by Bluefield are not a reliable indicator and cannot be relied upon as a guide to future performance of the Funds or Bluefield. Capital at Risk.

No Offer: This material and any related materials may not have been verified and is not and do not constitute or form part of, and should not be construed as, an offer or solicitation to issue, buy or sell any securities, or any interest in any securities, in any jurisdiction or an inducement to enter into any contract or commitment or investment or underwriting activity whatsoever in relation to any securities, which shall all, if relevant, be subject to Bluefield’s internal approvals.

No Approval By A Regulatory Authority: Unless otherwise expressly stated in this Website, this material or any related materials have not been reviewed or approved by any rating agencies or by the FCA or any other regulatory agency.

No Advice: No part of the information contained in this Website is 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.
Third Party Websites: This Website may contain links and/or references to websites operated by third parties. Any references to such third-party websites are in no way an endorsement by Bluefield of these sites. Bluefield does not monitor, edit or control such third-party sites and is not responsible in any way for the suitability of their content or for the quality of the products or services offered therein. Your choice to visit such websites is at your risk. If you have any questions regarding a website referenced within this Website, please direct them to the administrator of the relevant website.

IMPORTANT: The funds advised by Bluefield, including Bluefield Solar Income Fund, are not primarily targeted at retail investors.

The shares in the fund are intended for sophisticated investors, institutional and private clients who understand and are willing to assume the potential risk of capital loss and understand that there may be limited buyers for the underlying investments of the fund and who have sufficient resources to be able to bear losses (which may equal the whole amount invested).

You should seek independent professional advice before making any investment or financial decision.

The contents of this Website are not a financial promotion and none of the information on this Website should constitute an invitation or inducement to engage in investment activity. If and to the extent that this Website or any of its contents are deemed to be a financial promotion, Bluefield is relying on the exemption provided by Article 69 (Promotion of securities already admitted to certain markets) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005/1529 (the Order) in respect of the restriction at section 21 of the Financial Services and Markets Act 2000, or such other applicable exemption under the Order which may apply.

BY CLICKING “ACCEPT” BELOW YOU CONFIRM THAT YOU:

have fully read, understood and agree to the information and statements detailed in the above Important Notice and Disclaimer;
are not in the United States or in any other jurisdiction where accessing this Website may be prohibited by law;
are not a US Person or otherwise a resident of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territory; and
are not investing or otherwise acting for the account or benefit of a US Person or a resident of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territory.

I accept

ATTENTION: DISCLAIMER AND IMPORTANT NOTICE

IMPORTANT NOTICE: THIS WEBSITE IS NOT INTENDED FOR, AND HAS NOT BEEN DESIGNED FOR, RETAIL INVESTORS.

IMPORTANT NOTICE AND RISK WARNING REGARDING BLUEFIELD SOLAR INCOME FUND AND OTHER FUNDS ADVISED BY BLUEFIELD PARTNERS LLP (BLUEFIELD), INCLUDING TRACK RECORD AND PAST PERFORMANCE INFORMATION

This Website includes track record information and performance data regarding the Bluefield Solar Income Fund Limited (BSIF), to which Bluefield is the Investment Adviser, or any other fund advised by Bluefield (together, the Funds). Such information is not necessarily comprehensive and users should not consider such information to be indicative of the possible future performance of the Fund. Past performance of BISF or other funds previously or currently advised by Bluefield are not a reliable indicator and cannot be relied upon as a guide to future performance of the Funds or Bluefield. Capital at Risk.

The following information applies to this Website and any related materials and you are therefore advised to read this disclaimer carefully before reading, accessing, or making any other use of, this website and any related information. The information contained within this Website and any related materials is indicative and may change without notice. Electronic versions of the materials you are looking to access are being made available on this Website in good faith and are for information purposes only.

Any person accessing the Website should carefully review its Terms of Use. By using the Website, you indicate that you accept the Terms of Use and that you agree to them. If you do not agree to the Terms of Use, please do not use this Website.

WARNING: This Website and the materials within it are not directed at or accessible by persons in the:

United States or persons resident or located in the United States;
Australia;
Canada;
Japan;
the Republic of South Africa;
any member state of the European Economic Area, with the exception of any such other member states where marketing is permitted under the Alternative Investment Fund Managers Directive (AIFMD) (together the “Eligible Member States”); or
any other jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation.

This website and certain documents contained within it have been prepared and issued by Bluefield Partners LLP (Bluefield or the Investment Adviser), which is authorised and regulated by the Financial Conduct Authority (the FCA) in the United Kingdom with FCA Firm Reference Number 507508. Bluefield is a Limited Liability Partnership registered in England and Wales with registered company number OC348071. Bluefield’s registered office address is 40 Queen Anne Street, London, W1G 9EL and its VAT registration number is GB 157803494. You can contact Bluefield by email to compliance@bluefieldllp.com or by post to our registered office address.

IMPORTANT NOTICE AND RISK WARNING REGARDING BLUEFIELD SOLAR INCOME FUND AND OTHER FUNDS ADVISED BY BLUEFIELD PARTNERS LLP (BLUEFIELD), INCLUDING TRACK RECORD AND PAST PERFORMANCE INFORMATION

This Website includes track record information and performance data regarding the Funds. Such information is not necessarily comprehensive and users should not consider such information to be indicative of the possible future performance of the Fund. Past performance of BISF or other funds previously or currently advised by Bluefield are not a reliable indicator and cannot be relied upon as a guide to future performance of the Funds or Bluefield. Capital at Risk.

No Offer: This material and any related materials may not have been verified and is not and do not constitute or form part of, and should not be construed as, an offer or solicitation to issue, buy or sell any securities, or any interest in any securities, in any jurisdiction or an inducement to enter into any contract or commitment or investment or underwriting activity whatsoever in relation to any securities, which shall all, if relevant, be subject to Bluefield’s internal approvals.

No Approval By A Regulatory Authority: Unless otherwise expressly stated in this Website, this material or any related materials have not been reviewed or approved by any rating agencies or by the FCA or any other regulatory agency.

No Advice: No part of the information contained in this Website is 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.
Third Party Websites: This Website may contain links and/or references to websites operated by third parties. Any references to such third-party websites are in no way an endorsement by Bluefield of these sites. Bluefield does not monitor, edit or control such third-party sites and is not responsible in any way for the suitability of their content or for the quality of the products or services offered therein. Your choice to visit such websites is at your risk. If you have any questions regarding a website referenced within this Website, please direct them to the administrator of the relevant website.

These materials are only addressed to and directed at persons in Eligible Member States who are ‘‘qualified investors’’ within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/ EU, to the extent implemented in the Relevant Member State)) (‘‘Qualified Investors’’).

By accessing this website you are representing to Bluefield Partners LLP (the “Company”) and its advisers that you are not: (i) a US Person (within the meaning of Regulation S under the US Securities Act of 1933, as amended the “Securities Act”) and are not acting on behalf of a US Person (within the meaning of Regulation S under the Securities Act), nor purchasing with a view to re-sale in the US or to or for the account of a US Person, and that you are not an employee benefit plan subject to the United States Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder (in each case as amended) (“ERISA”) (whether or not subject to the provisions of Title 1 of ERISA) or similar US laws or an individual retirement account as defined in section 408 of the US Internal Revenue Code; or (ii) a resident of Australia, Canada, Japan, the Republic of South Africa or a jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation, and that you will not: (x) offer, sell, renounce, transfer or deliver, directly or indirectly, Shares in the Company subscribed for by you in the United States, Australia, Canada, Japan, the Republic of South Africa, or any EEA State other than the Eligible Member States or in any jurisdiction in which such offers or sales are unlawful (“Excluded Territories”) or to any US Person or resident of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territories, or: (y) release or otherwise forward, distribute or send any materials on this website in or into the United States, Australia, Canada, Japan, the Republic of South Africa or any Excluded Territories.

Shares offered by the Company have not been and will not be registered under the Securities Act or with any securities regulatory authority of any State or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, US Persons. The Company has not been and will not be registered as an “investment company” under the United States Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of that Act. In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territories and, accordingly, unless an exemption under any relevant legislation or regulations is applicable, none of the Shares may be offered, sold, renounced, transferred or delivered, directly or indirectly, in Australia, Canada, Japan, the Republic of South Africa or any Excluded Territories.

BY CLICKING “ACCEPT” BELOW YOU CONFIRM THAT YOU:

have fully read, understood and agree to the information and statements detailed in the above Important Notice and Disclaimer;
are not in the United States or in any other jurisdiction where accessing this Website may be prohibited by law;
are not a US Person or otherwise a resident of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territory; and
are not investing or otherwise acting for the account or benefit of a US Person or a resident of Australia, Canada, Japan, the Republic of South Africa or any Excluded Territory.

I accept