NEW YORK, Oct 1 (Reuters) - FPL Group Inc's green-energy unit on Thursday said it agreed to buy three wind projects from Babcock & Brown Power for about $352 million.
FPL's NextEra Energy Resources -- the largest U.S. generator of wind power -- said the three projects have a combined capacity of 184.5 megawatts. They are located in Carson County, Texas; Dodge County, Wisconsin; and Jerauld County, South Dakota.
The company said more than 80 percent of the output from the facilities has been sold under long-term contracts.
Approvals for the deal are needed from federal agencies, including the U.S. Federal Energy Regulatory Commission and Department of Justice, FPL said.

Australian infrastructure investor Babcock & Brown, once one of that country's largest firms, has been under administration since March, after its market value plunged as the global credit-crunch hurt its debt-funded expansion model.

(Reporting by Michael Erman, editing by Gerald E. McCormick) Keywords: BABCOCK FPL/ (Reuters Messaging: michael.erman.reuters.com@reuters.net; +1 646 223 6021)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.