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babcock & brown limited prospectus.pdf - Astrojapanproperty.com
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 />
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