B&B Wind to boost capacity

Summaries - Australian Financial Review
Monday 16/3/2009 Page: 14

Mike George, chief executive of Babcock and Brown Wind Partners, announced the company might reorganise its asset ownership to raise cash if debt markets are frozen until 2010. Wilson HTM analyst Nathan Lead said Babcock and Brown Wind is in good shape. B&B Wind has confirmed its 9 cents annual dividend and is buying 30% of its outstanding shares.

Mr George said if a good offer on the company's wind assets in Germany and France came up in the next 18 months than he would sell them. As governments look to renewable energy resources, Australia's windfarm industry is set to grow by 10% over the next 10 or 15 years. Babcock and Brown Wind is looking to double its wind generating capacity to 1000 MWs.