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Babcock & Brown Renewable Holdings Inc. acquired 100% of the membership interests of Superior Renewable Energy LLC.

The acquisition includes Superior's pipeline of development projects that consists of near, medium and long-term prospects as well as the talented Superior development team and technical staff. Superior's capabilities will also enhance Babcock & Brown's ability to support its renewable energy development partners and clients with addition resources. The Superior acquisition is the latest transaction by Babcock & Brown in the global renewable energy industry and compliments its existing US wind portfolio consisting of over 550 megawatts in operation and over 700 megawatts expected to achieve commercial operations by the end of 2007.
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