Company Acquires Seven U.S. Wind Farms

NAW Staff, Wednesday 16 January 2008 - 09:31:44

Babcock & Brown, a wind energy developer and operator, has acquired seven midwestern wind energy projects - under various stages of development - from Gamesa Energy USA and Navitas Energy, a subsidiary of Gamesa.

The seven wind energy projects, totaling more than 750 MW, are located across five states in the Midwest, including three in Illinois, in Woodford and Stephenson counties. The four additional projects are located in the following counties: Manitowoc, Wis; Brookings, S.D.; Pocahontas, Iowa; and Logan, Ohio. The Logan project was acquired from Gamesa, while the remaining six projects were acquired from Navitas.

"These future wind farms are ideal additions to Babcock & Brown's near-term development pipeline because they are located in markets in which we are focused, and they are also located near areas where we have existing wind farms," says Hunter Armistead, head of Babcock & Brown's North American energy development group.



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