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babcock & brown limited prospectus.pdf - Astrojapanproperty.com

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BABCOCK & BROWN PROSPECTUS<br />

Renewable energy generation<br />

In the wind sector, over the last 15 years, Babcock & Brown has arranged financing for almost 2,000MW of wind<br />

energy projects and companies, valued at over US$2 billion. Babcock & Brown is active as an advisor, developer<br />

and investor in the wind energy sector in Australia, the US and Europe. Selected recent projects are listed below:<br />

Development Location Capacity Babcock & Brown role Date<br />

Lake Bonney<br />

Stage 1 & 2<br />

South Australia<br />

220MW<br />

Currently Australia’s largest wind farm<br />

being developed in JV with National<br />

Power. Babcock & Brown has invested in<br />

and acted as co-developer of the project<br />

2004-2005<br />

Alinta Wind Farm Western 90MW JV with National Power and Carbon<br />

2004<br />

Sweetwater 1 Texas, USA 400MW Babcock & Brown is co-developer of this 2003<br />

Australia<br />

Solutions.The project has secured an<br />

offtake agreement with Alinta<br />

multi-stage development and has invested<br />

in and acted as a financial advisor in the<br />

37.5MW Phase 1 (operational) and the<br />

91.5MW Phase 2 (under construction).<br />

Phase 1 has a pre-arranged 20-year and<br />

Phase 2 a 12-year power purchase contract<br />

2003<br />

Robin Rigg Scotland, UK 198MW JV with TXU Europe under which<br />

Offshore Wind<br />

Energy project<br />

Blue Canyon 1 Oklahoma, USA 74MW<br />

Babcock & Brown took a lead role in<br />

the development of the project. Babcock<br />

& Brown and TXU Europe sold the<br />

project following completion of the<br />

pre-construction development phase<br />

Babcock & Brown invested in and acted 2003<br />

as a financial advisor.The project has<br />

pre-arranged 20-year power purchase<br />

contracts<br />

Cabazon Wind<br />

Power<br />

California, USA<br />

41MW<br />

Babcock & Brown advised Cannon<br />

Power Company, funded development<br />

and provided stand-by equity<br />

commitments for the construction and<br />

sale of the project. Babcock & Brown<br />

arranged construction financing and,<br />

together with Cannon, negotiated the<br />

sale to a take-out buyer for the project<br />

2002<br />

NOTE<br />

1. Babcock & Brown was awarded the American Wind Energy Association Financier of the Year Award for its structuring of these projects and the 41MW<br />

Combine Hills project located in the state of Oregon.<br />

55

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