The company has acquired three plants, a 4.7 MWp farm in Lincolnshire and two 4.99 MWp farms in Norfolk, all of which are expected to be operational before 31 march 2016 and to qualify under the 1.3 Renewable Obligation Certificate regime.
The plants are part of the prospective pipeline of 258 MWp referred to in the company’s prospectus published in October this year.
Bluefield Solar said completion of the acquisitions brings the total number made by the company to 62 with funding provided through the Royal Bank of Scotland revolving credit facility.
Bluefield Solar chairman John Rennocks said: “These acquisitions are the first part of the prospective pipeline the company is pursuing which, despite the recent regulatory changes, demonstrates the continuing potential of the UK solar market.”
The company said it intends to meet or exceed its target dividend of 7.07 pence per ordinary share in respect of the current financial year.