Project Development, Wind Power

Babcock & Brown Acquires New Wind Farms

Babcock & Brown has announced it has acquired seven Midwestern wind energy projects, under various stages of development, from Gamesa Energy USA, LLC and Navitas Energy, Inc., a subsidiary of Gamesa. The seven wind energy projects, totaling more than 750 megawatts (MW), are located across five states in the Midwest, including three in Illinois. The four additional projects are located in Wisconsin, South Dakota, Iowa and Ohio.

In the United States, Babcock & Brown currently operates 20 wind farms across nine states totaling more than 1500 MW of installed capacity. The company also has more than 18 additional wind farms under development across the country.

“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,” said Hunter Armistead, head of Babcock & 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.”