new acquisitions BBW has new wind turbines in France +...

new acquisitions BBW has new wind turbines in France + Germany.
Just hoping that BNB will not take excessive fees, otherwise this is a good paying deal, wind energy competetive with coal these days in Europe. quote;

"BABCOCK & Brown Wind Partners has boosted its development pipeline by 322 megawatts with two deals in Europe. It now plans to develop 1000 megawatts of wind power in Europe and the US in the next two years, managing director Peter O'Connell said.

BBW's parent Babcock & Brown has a development pipeline of 3000 megawatts and is expected to offer the 150-megawatt stage two of its Lake Bonney project in South Australia to BBW in the next week. The majority of the parent company's pipeline is likely to go to BBW as well.

BBW's new European investments include 22 megawatts of generation at three wind farms in the north of France and a development portfolio of up to 300 megawatts from the Plambeck group over the next four years. The wind farms will be handed to BBW on completion and will produce a positive cash flow from the moment they come into operation.

BBW wants to boost its European investments because of the attractive economics for the industry. "Europe is where we want to be. It not only makes sense environmentally it works economically also," he said.