GE Energy Financial Services has announced that it has committed to invest in a 410MW wind farm portfolio.
GE Energy Financial Services has committed to invest approximately US$270 million for 70 per cent of the Class A equity, with a subsidiary of Wachovia Corp, providing the balance, in six wind farms in California, Illinois, New Mexico and Pennsylvania, until now wholly owned by affiliates of global investment and advisory firm Babcock & Brown. Affiliates of Babcock & Brown will be the manager and will remain as Class B equity co-investors in the portfolio. Additional financial details were not disclosed.
