One of the world's biggest owners of wind farms has put its portfolio up for sale in a deal that could be worth up to €4bn (£3.17bn). The sale includes farms operating and in development in Spain, Portugal, Germany, France and Italy.
The wind assets are owned by Babcock & Brown, an investment company listed on the Australian stock exchange which yesterday said it had appointed JP Morgan and Deutsche Bank to advise on the sale.
European utilities are the most likely buyers in the run-up to 2020, when 20% of power in the EU should come from wind, water and solar.
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