Drax to buy Bluefield Solar for 755 million dollars
Drax will acquire Bluefield Solar for 755 million dollars to expand its UK renewables portfolio. The deal values the investment fund at 561 million pounds.
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DRAX GROUP PLC will acquire Bluefield Solar Income Fund in a deal valuing the renewable energy firm at £561 million ($755.3 million). The acquisition expands the renewables footprint of the United Kingdom power generator as it pursues government clean energy targets. Investors are tracking sector consolidation as energy price volatility drives demand for wind and solar assets.
