Estera advises in Guernsey Green Fund first

Posted: 16/04/2019

Kevin-Smith_EsteraFund administration and fiduciary services provider Estera has advised Bluefield Solar Income Fund on its application for accreditation as a Guernsey Green Fund – making it the first London-listed investment fund to achieve Guernsey Green Fund status. 
 
Independent certification was provided by KPMG Channel Islands as part of the application process. At least 75% of Bluefield Solar’s assets meet the Guernsey Green Fund rules and the fund has the ultimate objective of mitigating environmental damage, resulting in a net positive outcome for the environment.
 
Bluefield Solar invests in more than 80 UK-based solar assets. It has one of the largest diversified portfolios of solar assets in the country, targeting long-life solar energy infrastructure expected to generate stable renewable energy output over a 25-year asset life.

Kevin Smith (pictured), Director at Estera, commented: “The Guernsey Green Fund presents a significant opportunity for environment-focused funds, and for Guernsey as a specialist funds jurisdiction.

"Bluefield’s Green Fund accreditation means its investors can be assured that their investments have a positive environmental impact, monitored against internationally recognised criteria.”


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