in News Departments > Projects & Contracts
print the content item

Babcock & Brown Renewable Holdings Inc., a wholly owned subsidiary of Babcock & Brown, has acquired 100% of the membership interest of four companies owned by Gamesa Energy USA LLC and Gamesa EnergĂ­a SA, affiliates of Madrid-headquartered wind turbine maker Gamesa Corporacion Tecnologica SA.

The law firm Milbank, Tweed, Hadley & McCloy LLP, headquartered in New York, represented the Babcock & Brown entity in the purchase. According to Milbank, the four companies included in the transaction - with a combined capacity of 231 MW - are Mendota Hills LLC, which owns an operational wind farm in Illinois, and Allegheny Ridge Wind Farm LLC, North Allegheny Wind Farm LLC and Allegheny Expansion Wind Farm LLC, which own wind farms in various stages of construction and development in Pennsylvania.


Advertisement

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015