Monday 3 December 2007

B&B Wind rises after missing out

Australian Financial Review
30/11/2007 Page: 34

Babcock and Brown Wind Partners missed out on the Queensland government's package of five wind farms. Transfield Services Infrastructure Fund bought them for $450 million. However, B&B Wind's reluctance to pay so much for the assets has impressed analysts, pushing its share price up while Transfield stock fell. That could change, depending on how much Transfield can get for the clean power. It is currently in talks with AGL Energy, Origin Energy and TRUEnergy.

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