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Babcock And Brown Acquires Seven US Wind Farms Under Development
San Francisco CA (SPX) Jan 18, 2008 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. "These future wind farms are ideal additions to Babcock and 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," said Hunter Armistead, head of Babcock and Brown's North American Energy Development Group. "We look forward to developing these projects and bringing them online in the near future, further adding to the production of clean and renewable wind energy in the Midwest." In the United States, Babcock and Brown currently operates 20 wind farms across nine states, 19 on behalf of Babcock and Brown Wind Partners, totaling more than 1500 MW of installed capacity, and has more than 18 additional wind farms under development across the country. In the Midwest, Babcock and Brown owns operational wind farms in Lee County, IL, and Bureau County, IL. Related Links Babcock and Brown Powering The World in the 21st Century at Energy-Daily.com
General Cable Announces First Offshore Windfarm Contract Award
Nordenham, Germany (SPX) Jan 14, 2008General Cable reported that its subsidiary, Norddeutsche Seekablewerke GmbH (NSW), has been awarded its first submarine power contract by BARD Engineering GmbH, for more than $30 million related to the construction of BARD Offshore 1. BARD Offshore 1 is a 400 megawatt wind farm consisting of 80 wind turbines that will be located north-west of the Isle of Borkum in the North Sea. |
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