Results season – that time of the year when firms reveal just how well, or poorly, they’ve performed – is always interesting, but as UK solar enters a critical juncture, this year’s season has become emblematic of PV’s direction of travel. And pouring over two of the most recent sets of results, specifically those of Bluefield Solar Income Fund (BSIF) and Foresight Solar Fund (FSF), perfectly encapsulate the industry’s current status and the challenges it faces. Late last month BSIF reported its results for the six-month period ending 31 December 2018, detailing a 38% surge in underlying earnings to £18 million. Irradiation levels throughout the period were nearly 10% above expectations as a result of significantly favourable weather in July, September and October, resulting in Bluefield’s assets recording generation 11.1% above forecasts.
Solar Power Portal 12th March 2019 read more »