Babcock Completes Site Purchase

NAW Staff, Monday 03 July 2006 - 01:00:00

Babcock & Brown Wind Partners (BBW) has completed the purchase of 100% of the Class B Member interests in the Crescent Ridge Wind Farm in Illinois from Eurus Energy America for approximately $50 million.

BBW said the acquisition represents a continuation of its strategy to invest in a diversified global portfolio of wind farms. Crescent Ridge services the PJM Interconnection (PJM) and adjacent service territories.

The energy generated by the wind farm will be sold into the PJM wholesale power pool. A second revenue source would come from renewable energy certificates, which will also be sold throughout the PJM power market and transported into adjacent service territories, such as the New York market.



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