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Bluefield Solar Income Fund Ltd on Friday warned that proposed UK government changes to renewable energy indexation could reduce its net asset value by up to 10%, as it urged policymakers to maintain investor confidence in the sector. The income fund advised by Bluefield Partners LLP that buys and manages solar energy assets in the UK said the Department for Energy Security & Net Zero has launched a consultation on moving the inflation indexation of renewable obligation certificates and feed-in tariffs from the retail price index to the consumer price index earlier than planned. Two options are being considered: advancing the switch to CPI from 2030 to 2026, or freezing ROC and FiT payment levels until the two indices align, before applying CPI thereafter. Bluefield Solar said its portfolio has exposure to revenues under both schemes, and that retrospective changes could damage market confidence ‘at a time when private capital is essential to delivering the UK’s clean power ambitions.’ The investment adviser estimated that the changes could reduce the company’s net asset value per share by around 2% under the first proposal and by roughly 10% under the second, equivalent to about 2 pence and 11p per share respectively. Shares in the company were down 0.9% at 74.50 pence in London on Friday. Bluefield said it is engaging with the consultation process and government stakeholders, while continuing to advocate for policy stability and ‘fair treatment of renewable investments.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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