* FPL's NextEra buys 3 wind projects from Babcock & Brown*...

* FPL's NextEra buys 3 wind projects from Babcock & Brown

* NextEra to pay about $352 mln for projects
NEW YORK, Oct 1 (Reuters) - FPL Group Inc's (FPL.N) green-energy unit on Thursday said it agreed to buy three wind projects from Babcock & Brown Power (BBP.AX) for about $352 million.

FPL's NextEra Energy Resources -- the largest U.S. generator of wind power -- said the three projects have a combined capacity of 184.5 megawatts. They are located in Carson County, Texas; Dodge County, Wisconsin; and Jerauld County, South Dakota.

The company said more than 80 percent of the output from the facilities has been sold under long-term contracts.

Approvals for the deal are needed from federal agencies, including the U.S. Federal Energy Regulatory Commission and Department of Justice, FPL said.

Australian infrastructure investor Babcock & Brown, once one of that country's largest firms, has been under administration since March, after its market value plunged as the global credit-crunch hurt its debt-funded expansion model. (Reporting by Michael Erman, editing by Gerald E. McCormick)




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