Babcock and Brown acquires seven US windfarms under development

Energy Daily: International investment and specialized fund and asset management group Babcock and Brown, a leading wind energy developer and operator, announced it 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 megawatts (MW), enough to power more than 190,000 homes per year, are located across five states in the Midwest, including three in Illinois, located in Woodford and Stephenson Counties. The four additional projects are located in the following Counties: Manitowoc, Wisconsin; Brookings, South Dakota; Pocahontas, Iowa; and Logan, Ohio. The Logan project was acquired from Gamesa, while the remaining six projects were acquired from Navitas….

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