Published: 12 Oct 2021, 12:26
Bluefield Solar has hired Michael Covington as investment director at the company’s investment adviser, adding “significant” wind, solar and capital markets expertise to the company.
Convington joins from Alpha Real Capital, where he served as renewables investment director from November 2017 to September 2021. Prior to that, he was a managing partner at Barcelona-based sustainable investment specialist SI Capital Private Equity.
He has also held roles at investment banks Desdner Kleinwort Benson and Piper Jaffray, and since May 2021 has been audit committee chair of London-listed Getech Group.
James Armstrong, managing partner at Bluefield Partners, said: “Michael has long and relevant M&A experience in the European wind and solar sectors where we are seeing many attractive opportunities following the broadening of the company’s mandate in June 2020 and building on the recent portfolio acquisition of 109 small scale UK onshore wind turbines from Arena Capital Partners for approximately £60 million.”
The company recently broadened its mandate to include investments into wind as well as energy storage, having previously been focused solely on solar.
Earlier this month, Bluefield Solar Income Fund’s latest financial results were published, detailing how Bluefield’s operational portfolio now consists of 106 PV plants with a total capacity of 613MWp, while its total pipeline stands at 593MWp of solar and 179MWp of battery projects.