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Infigen Energy plans sale of US wind farms

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nuketheshorts   Monday, 08/24/09 04:06:22 PM
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Infigen Energy plans sale of US wind farms
Infigen Energy plans sale of US wind farms

Aug. 19, 2009 (M2 Communications Ltd.) --

Australian renewable energy company Infigen Energy (ASX:IFN) said on Monday that it is proposing to sell all or part of its 1.069 GW wind farm portfolio in the United States.

The company is planning to accelerate its development in Australia.

Infigen's managing director, Miles George, said: "The feedback from the market testing is that the qualities of Infigen's US business are highly sought after at present. It is timely for Infigen to proceed to a sale process in the US and, if appropriate, maximise returns for securityholders."

According to Infigen a number of strategic investors have indicated that they intend to invest, or increase their existing investment, in wind energy generation in the US.

Infigen Energy, which changed its name from Babcock and Brown Wind Partners in March 2009, has said previously that it has commenced a process to sell its German and French wind farm assets.

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