Bluefield Partners is set to take non-binding offers at the end of January for LSE-listed Bluefield Solar Income Fund and affiliate Bluefield entities, it is understood.

BSIF’s board announced the start of a strategic review and sales process for the yieldco itself and potential Bluefield affiliate entities on November 5, 2025, adding that it had “considered transitioning to…an IPP to unlock long-term value…[but that] following extensive engagement…it has become clear that such a transition is unlikely to be the preferred strategic direction of shareholders as a whole.”

“A majority of shareholders expressed a clear preference for alternative value-maximising options, such as the potential sale of the company or its assets,” it added.

BSIF’s portfolio was generating circa 800,000 MWh of clean power annually as of June 30, 2025, while it has a circa 1.4 GW development pipeline.

Its shares have traded at a persistent discount to NAV for over three years, in doing so limiting access to equity markets and constraining growth, according to the company.

Its earnings have been directed toward dividends rather than reinvestment, therefore preventing it from fully benefiting from its platform, proprietary pipeline and growth potential.

Given its size, and the complexities involved in valuing affiliate Bluefield entities, the platform is forecast to be a good fit for only a small handful of parties, according to market sources.

The exact bidder line-up is not yet known, although Equitix and Schroders Greencoat are both seen as potential suitors.

Rothschild & Co (financial) is advising Bluefield Partners and BSIF on the sale.

Bluefield Partners declined to comment.

*This story was originally published exclusively for NPM Europe subscribers.