Wednesday 22 July 2009

COMPLETION OF ACQUISITION OF AUSTRALIAN & NZ ASSETS

Infigen press release:

Infigen Energy (ASX: IFN) advises that it has today reached financial close on the acquisition of Babcock & Brown International Pty Ltd’s Australian and New Zealand wind energy project development assets.

As advised on 24 June 2009, the Australian and New Zealand wind energy development assets are primarily 50% interests in development opportunities comprising more than 1000MW in four Australian states and in New Zealand, with a number of the projects located close to Infigen’s existing Australian wind farms. The development opportunities have the potential to be delivered in the next five years.

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