Company Acquires Seven U.S. Wind Farms

Wind energy developer Babcock & Brown has completed a deal to acquire seven midwestern energy projects from Gamesa Energy USA and its subsidiary, Navitas Energy. 

The projects, totaling more than 750 MW are under various stages of development and are located in five states–three in Illinois, and one each in Wisconsin, South Dakota, Iowa and Ohio.

"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.