Climate Change Data

Bluefield Solar Income Fund Limited

Climate Impact & Sustainability Data (2023, 2023-07 to 2023-09, 2024)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Climate Change Mitigation
  • Pioneering Positive Local Impact
  • Generating Energy Responsibly

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Sustainable Procurement Policy
  • Waste Management Policy
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, UN SDGs, TCFD, SFDR, EU Taxonomy

Reporting Period: 2023-07 to 2023-09

Environmental Metrics

ESG Focus Areas

  • Decarbonisation of the energy system
  • Climate-related risks and opportunities

Environmental Achievements

  • Generated >836 GWh of renewable energy, resulting in forecast annual CO2e savings of >173,000 tonnes and powering >288,000 houses with renewable energy.

Governance Achievements

  • Published annual ESG report and second voluntary TCFD disclosure.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:18,743 tCO2e/year
Scope 1 Emissions:46 tCO2e/year
Scope 2 Emissions:399 tCO2e/year
Scope 3 Emissions:18,299 tCO2e/year
Renewable Energy Share:80%
Total Energy Consumption:810,602 MWh/year

ESG Focus Areas

  • Climate Change Mitigation
  • Pioneering Positive Local Impact
  • Generating Energy Responsibly

Environmental Achievements

  • Generated 810,602 MWh of renewable energy, powering the equivalent of 300,000 UK homes and avoiding 167,800 tonnes of CO2e emissions.
  • West Raynham Solar Farm awarded gold certification from Wild Power® for biodiversity enhancement.

Social Achievements

  • Delivered 13 classroom workshops and 16 solar site visits to schools.
  • Paid over £296,000 to community benefit schemes.

Governance Achievements

  • Developed near-term net zero targets covering scope 1, 2, and 3 emissions.
  • Developed a nature framework aligned with TNFD recommendations.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Short-term Goals:
  • 50% absolute reduction in project scope 1 and 2 emissions by 2030
  • Engage 75% of project suppliers to set their own scope 1 and 2 targets by 2029

Environmental Challenges

  • Generation fell by 3% due to planned outages and irradiation levels 4.3% below expectations.
  • Shares traded at a persistent discount to NAV, hindering capital raising.
  • Supply chain challenges for key high-voltage equipment.
Mitigation Strategies
  • Strategic partnership with GLIL Infrastructure for capital and debt reduction.
  • Share buyback program to address share price discount.
  • Targeted inverter replacement program investing over £3.6m.

Supply Chain Management

Supplier Audits: 100% of Tier 1 suppliers mapped by spend; 100% of Tier 2 suppliers (relating to Bluefield service providers) mapped by spend.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat impacting solar PV yield
  • Changing wind speeds impacting wind turbine yield
Transition Risks
  • Technology change
  • Policy and legal shifts
  • Market disruptions
Opportunities
  • Technological advancements in PV and battery storage
  • Increased demand for renewable energy

Reporting Standards

Frameworks Used: TCFD, SFDR, TNFD, SASB

Certifications: Guernsey Green Fund

UN Sustainable Development Goals

  • Goal 7
  • Goal 13

Renewable energy generation contributes to affordable and clean energy (Goal 7) and climate action (Goal 13).

Awards & Recognition

  • Guernsey Green Fund Status