Infigen Energy will acquire Babcock & Brown International’s Australian and New Zealand wind energy project development assets, its US wind asset management business, and its minority interests in Infigen’s existing wind farms in the US and Germany, for $23.5 million.
Infigen Managing Director Miles George said that the acquisitions represent high quality assets that will significantly add to the growth prospects and value of operations in Australia and the US over the medium term. Additional separation costs are still expected to be approximately $8 million.
The Australian and New Zealand wind energy development assets are primarily 50 per cent interests in development opportunities comprising more than 1000 MW in four Australian states and in New Zealand, with a number of the projects located close to Infigen’s existing Australian wind farms.
Infigen Energy's existing Australian portfolio consists of the Lake Bonney 1, Lake Bonney 2 and Lake Bonney 3 wind farms in South Australia's south east, Alinta wind farm in the mid north west of Western Australia and Capital wind farm in New South Wales near Bungendore.
Basket is empty.
