The Babcock & Brown Infrastructure (BBI) spin-off, which has stakes in 15 wind farms across Europe, the US and Australia, opened up 20c at $1.60 and was trading at $1.68 at the close of business Friday. It opened at $1.69 today.

BBI's share of BBWP will now fall from 50% to 17.5%, with parent Babcock & Brown's share declining to 15% from 17.5%.

Now with a market capitalisation of $62,701,096, the new company has forecast it will produce more than $100 million revenue for a net profit of $18.6 million for this financial year. In 2006/07, net profit is expected to grow to $21.9 million, it said.

The company says its three framework agreements in the US, Spain and Germany were key to medium-term growth. But these future acquisitions were not included in the future financial estimates.