Drax Smart Generation Holdco Limited to acquire Bluefield Solar Income Fund Limited

Drax Smart Generation Holdco Limited has agreed to acquire Bluefield Solar Income Fund Limited in a going private transaction valued at £548 million. The consideration for the deal is to be paid entirely in cash. This agreement was announced on 1 June 2026 and concerns two companies operating within the Energy sector in the United Kingdom. The transaction represents a significant consolidation within the renewable energy landscape, moving the target from a public listing to private ownership under the control of the acquiring entity.

The deal is currently at the firm intention stage, pending the completion of necessary regulatory approvals and other standard closing conditions. No completion date has been confirmed at this time, and the final timeline for the transaction remains subject to the satisfaction of all agreed terms. The parties have not yet disclosed specific details regarding the integration plans or the future strategic direction of the combined business following the successful closure of the acquisition.