Adelaide Advertiser
Wednesday 1/11/2006, Page: 49
Babcock & Brown Wind Partners has stuck to its distribution forecast for 2006-2007, despite its wind farms losing a bit of puff in the first quarter. Lower-than-expected average wind speeds in July across its 19 farms fanned a fall in energy production in the three months to September.
But chairman Peter Hofbauer told shareholders at the company's AGM yesterday higher tariffs in Spain resulted in operating cash flow being in line with expectations.
"I am pleased to report that the results to date are on track to meet our distribution target of 12.5c per stapled security and BBW's distribution to be paid out of operating cash flow," he said.
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