Bluefield appoints Michael Covington as Investment Director

10/12/2021

The London-based investment advisory firm has announced a new senior appointment

Photo: Covington will join Bluefield to support its growing renewable energy investment advisory team
Photo: Covington will join Bluefield to support its growing renewable energy investment advisory team

LONDON, 12 October, 2021 -- Michael Covington has joined Bluefield Partners, the investment adviser of the Bluefield Solar Income fund, as Investment Director from Alpha Real Capital.

He was renewables Investment Director at Alpha Real Capital from November 2017 to September 2021 and, prior to that, was a managing partner at the Barcelona-based sustainable investment specialist SI Capital Private Equity.

James Armstrong, managing partner at Bluefield Partners, said Covington will bring "significant" wind, solar and capital markets expertise to the team, which has been involved in more than £4bn renewable funds and transactions in both the UK and Europe, including over £1bn in the UK since December 2011.

Photo: Michael Covington joins Bluefield Partners
Photo: Michael Covington joins Bluefield Partners

"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 £60m," 

said Armstrong.

The Bluefield Solar Income fund acquires and manages UK-based renewable energy and storage projects to generate long-term dividends for shareholders, with no less than 75% of its gross assets invested into UK solar assets.

The company can also invest up to 25% of its assets into wind, hydro and storage technologies.

Covington added: 

"I am so excited to be joining the Bluefield Partners team having personally followed closely their impressive progress since the IPO of Bluefield Solar in 2013.

"I am keen to add my experience in the wind and solar sectors to the Bluefield Partners investment platform."

About Bluefield Partners LLP

Bluefield Partners LLP is a London based investment adviser specialising in renewable energy, with a focus on solar PV assets. Through the funds it advises, Bluefield facilitates the production of thousands of megawatts of clean energy each year, supporting climate initiatives and the transition towards a sustainable future.

With over ten years of success, our teams of investment and operational professionals have delivered multiple, high performing investment funds for institutional and private clients with an absolute focus on our shareholder's needs. Bluefield is continuing to enhance its consideration of ESG criteria within its investment and operational processes.

We have attracted over $1 billion into our solar investment strategies since 2011 and have generated above target returns for our investors across every fund we have established, building one of the highest performing track records in the sector.