About Bluefield
Who are the Bluefield companies?
In 2009, the founders of Bluefield had a vision: that renewable energy would become mainstream, and Bluefield would be pioneers in the industry.
Since then, we have witnessed renewables rise as a disruptor in the energy industry and investment markets alike. Today, the Bluefield Group of companies encompasses the full value chain of the renewables industry1, with expertise across the UK and Europe2.
The developer arm of the group manages projects from inception, through construction and to fruition as they become operational, fostering a steady pipeline for the portfolio. The investment advisor firm sources deals in the secondary market and negotiates acquisitions for the funds it advises. The services company provides professional services including accountancy and monitoring to help optimise the assets under management. The operation and maintenance division remedies technical issues the assets may encounter, aiming to achieve their optimal performance.
This diverse skillset ensures appropriate expertise and oversight over the assets under management, helping create and maintain value over the long-term.
The Bluefield Group
Bluefield Partners LLP
Bluefield Partners LLP acts as investment adviser, sources deals in the secondary market and negotiates acquisitions.
Bluefield Services Ltd
Bluefield Services Ltd operates as asset manager for the portfolio and provides a range of services; including technical, operational, legal and financial support.
How opportunities are identified
Bluefield Partners’ robust investment process aims to maximise value for investors from conception to completion of renewable assets’ lifecycle.
Deal sourcing
A rich pipeline of potential investments comes from strategic partnerships and industry networks. The development business, Bluefield Renewable Developments, also aims to grow the opportunities available through greenfield sites.
Due dilligence
Once a project is identified, an initial review and financial modelling process is followed by a full due diligence and non-binding offer, before being presented to the investment committee for review.
ESG integration
In line with the ESG strategy of each fund, Bluefield considers environmental, social and governance factors within investment processes and ongoing asset management.
Ongoing asset management and optimisation
Through Bluefield’s affiliate businesses, they actively manage the life of each asset, aiming to maximise the value it provides.
Bluefield’s history
2009
Bluefield Partners LLP was founded in 2009 to provide specialist investment advice on renewable energy, specialising in solar. It is still managed by two of its founding partners, James Armstrong and Giovanni Terranova. With Bluefield’s presence and team later expanding into Europe, Bluefield Italia S.r.l was incorporated in 2015 as a hub for investment activity structured to support renewable energy activity in Europe.
2013
We launched the first solar PV investment company listed on the London Stock Exchange. In 2023 BSIF had its 10 year anniversary and is now a FTSE 250 company with £1.4bn AUM and over 200 assets in the portfolio. BSIF has diversified into other renewable energy technologies such as wind and battery storage.
2015
Bluefield Services Ltd was established with the aim of providing asset management of renewable assets to improve the performance, longevity and returns generated. Bluefield Services later expanded their work into Europe, incorporating Bluefield Services Italia S.r.l, and Bluefield Asset Management Europe SL in 2021 and 2022 respectively. This brought with it local teams to manage its growing renewable energy asset base within Europe.
2017
Bluefield Operations Ltd was created to satisfy increasing demand for high quality operational and management services.
2020
Bluefield Renewable Developments was set up as a specialist solar and storage project developer – the first stage of an asset lifecycle enabling Bluefield to offer a full end-to-end value proposition. In 2023, Bluefield Renewable Development Europe Ltd and Bluefield Storage Developments S.r.l were incorporated, expanding renewable development activities, and pioneering storage technologies across Europe.
2023
Bluefield Construction Management Ltd was created to efficiently manage Bluefield’s construction projects from consented development to commissioning, focusing on delivering high quality projects and ensuring compliance with H&S, planning and environmental requirements.
Sustainability
Bluefield was created to attract capital into renewable energy infrastructure, supporting the energy transition by helping reduce reliance on fossil fuels. However, Bluefield does not only focus on its environmental contribution – it understands that consideration of social and governance factors is essential for the long-term resilience of investments.
Responsible Investment
In line with the ESG strategy of BSIF under advisory, ESG is integrated within pre-and post-investment activities: please refer to BSIF’s Sustainable Investment Policy for further information. Bluefield Partners LLP has been a signatory to the UN Principles for Responsible Investment since 2019.
Governance
As an FCA regulated entity, Bluefield Partners LLP evidences the highest standards of professional conduct. Key policies are in place across the group, and third-party compliance advisers are used to ensure regulatory obligations are met.
Corporate responsibility
The Bluefield Foundation is a Charitable Incorporated Organisation, founded to help increase the positive societal and enviromental contribution of the Group. Bluefield is committed to ensuring high staff welfare as an equal opportunity employer.
Pollinators
Bluefield places beehives at various UK sites to support local beekeepers.
Wellbeing
Bluefield makes employee well-being a priority and it holds regular initiatives throughout the year to promote safety, well-being, and happiness at work.
Biodiversity
For its UK portfolio, Bluefield undertakes ecological assessments and aims to deliver best practice land management.
Get in touch
Bluefield Partners, BSIF’s investment adviser, has one of the longest and strongest track records in the renewable energy sector3. This is thanks to the combination of granular investment knowledge of each strategy, alongside insights from highly skilled technical asset management and operational teams within the Bluefield’s affiliated companies.
In addition to BSIF, Bluefield Partners manages several private strategies on behalf of all types of professional investors.
Bluefield Partners | Investment1 Asset lifecycle, end to end, full value chain – does not include the manufacturing or end-of-life processing of materials.
2 Not including O&M currently in Europe.
3 The AIC
*As of September 2023
**As of January 2024