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Burges Salmon advises Bluefield Solar on extension and green accreditation of Revolving Credit Facility

Picture of Victoria Allsopp
By Victoria Allsopp
2 Jun 2025 1 min read

The Banking and Finance team from independent UK law firm Burges Salmon has advised longstanding client Bluefield Solar Income Fund Limited (“Bluefield Solar”), the London-listed UK income fund focused on solar energy assets, on the extension and amendment of its £150m Revolving Credit Facility (RCF).

The £150 million amended facility, provided by Bluefield Solar’s existing lenders – RBS International, Santander UK and Lloyds Bank Plc – has been extended to May 2027 and has been converted to reflect its Green Loan status resulting in a margin reduction for the fund.

The Green Loan status reflects Bluefield Solar’s commitment to sustainability and aligns with its Green Financing Framework. Sustainable Fitch has issued a Second-Party Opinion rating the framework’s alignment with Green Loan Principles as ‘Excellent’ – the highest possible rating.

The Burges Salmon team advising Bluefield Solar was led by partner Victoria Allsopp, senior associate Elin Blundell and solicitor Alex Manser from its Banking and Finance department.

“We are delighted to have once again supported Bluefield Solar on its strategic funding activities. The extension and Green Loan accreditation reflect the fund’s continued leadership in sustainable energy investment. It’s a pleasure to work with a client so committed to driving the UK’s renewable energy transition.”

Victoria Allsopp, partner

“It was great to work with the Burges Salmon team on this transaction, which underpins Bluefield Solar’s sustainability strategy and will play a key role in supporting the funding of its substantial renewable energy development pipeline. Burges Salmon’s expertise and responsiveness were invaluable throughout the process.”

Neil Wood, partner – Bluefield Partners LLP

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