US06 Portfolio
On 19 January 2007, Infigen (formerly BBW) announced that it had signed a conditional Portfolio Purchase, Sale and Contribution Agreement with the Babcock & Brown Group for the acquisition of a portfolio of six US wind farms (the “US06 Portfolio”), for approximately US$387 million.
On 9 March 2007, Infigen announced that it has acquired the initial three wind farms of the US06 Portfolio in accordance with the terms of the portfolio purchase agreement. The three wind farms acquired were Buena Vista, Aragonne Mesa[1] and Mendota.
Approval was given for Infigen to acquire the US06 Portfolio at a general meeting of security holders on 26 February 2007. GSG and Allegheny Ridge 1 wind farms were acquired in June 2007.
Set out below are the installed capacity and energy production statistics of the six wind farms in the US06 Portfolio.
|
|
|
Buena Vista
|
California
|
38
|
108.3
|
32.5%
|
|
Aragonne Mesa[1]
|
New Mexico
|
90
|
270.6
|
35.0%
|
|
GSG
|
Illinois
|
80
|
231.0
|
32.9%
|
|
Mendota
|
Illinois
|
52
|
111.0
|
24.5%
|
|
Allegheny Ridge 1
|
Pennsylvania
|
80
|
238.7
|
34.1%
|
|
Allegheny Ridge 2
|
Pennsylvania
|
70
|
208.9
|
33.6%
|
|
TOTAL
|
|
410
|
1168.5
|
|
|
[1] IFN has indirectly acquired all of the Class B Membership interests in a holding company which owns 95% of the Aragonne Mesa wind farm project entity. Infigen has retained 5% of the Aragonne wind farm project entity.
For further information please refer to the ASX Announcements dated 9 March 2007 and 19 January 2007.