The sale represents 17% of Babcock & Brown Wind’s (BBW) total wind energy portfolio.
Initially announced in August 2008, the sale nets BBW a profit before transaction costs of approximately A$266m, making it “materially higher on a per megawatt basis than the current market implied value of BBW’s total portfolio,” according to managing director Miles George.
Following the sale BBW’s assets include stakes in 40 windfarms spanning four countries, with a total generating capacity of 2,207MW.
