Bluefield Solar is the first London-listed investment fund to achieve Guernsey Green Fund status.
Estera is the fund administrator for Bluefield Solar Income Fund and has experience in administering London-listed funds as well as renewables and ethical fund administration.
“Assisting Bluefield Solar Income Fund in the application for Guernsey Green Fund status was a natural step for us and we are thrilled that they are the first London-listed Guernsey Green Fund,” said Estera Director Kevin Smith. “The Guernsey Green Fund presents a significant opportunity for environment-focused funds and for Guernsey as a leading specialist funds jurisdiction. Bluefield’s Green Fund accreditation means that their investors can be assured that their investments have a positive environmental impact, monitored against internationally recognised criteria.”
Bluefield Solar had to meet a set of criteria and KPMG Channel Islands Limited provided independent certification as part of the application process. At least 75% of Bluefield Solar’s assets meet the Guernsey Green Fund rules.
The company invests in more than 80 UK-based solar assets, targeting long-life solar energy infrastructure which is expected to generate stable renewable energy output over a 25-year asset life.
Jamie Armstrong from Bluefield Partners LLP said: “Bluefield is pleased to support this initiative. Environmental, Social and Governance issues are of increasing importance to investors and as we witness the growth in environmental themed funds it is vital that investors are able to easily and transparently see a fund’s green credentials.
“We expect the Guernsey Green Accreditation criteria will help investors make informed decisions about a fund’s environmental impact set against a globally recognised standard.”
The Guernsey Green Fund launched last year as a regulated green investment fund product.