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1 April 2008 - Babcock & Brown, the Australian infrastructure investor, is planning to sell its European wind farms in a deal that could be worth between €3.5bn ($5.5bn) and €4bn, according to the Financial Times.

The group said that it has appointed Deutsche Bank and JPMorgan to sell its European wind energy assets and those owned by Babcock & Brown Wind Partners, its quoted wind energy fund. These include wind farms in Spain, Portugal, Germany, Italy and France.

Babcock & Brown Wind Partners owns about 3000 MW of wind generation capacity worldwide, with just over 800 MW of this in Europe.

Babcock & Brown said the scope of the wind farm sale was not fixed but was "very likely" to include Enersis, the Portuguese wind business jointly owned by Babcock & Brown and Babcock & Brown Wind Partners.

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