New Energy Sells Iroquois Bio-Energy

New Energy Capital Corp. has sold Iroquois Bio-Energy Company LLC, a 45 million gallon per year ethanol plant located in Rensselaer, Ind., to Babcock & Brown (ASX: BNB). No financial terms were disclosed. New energy owned 57% of the facility, and is funded by VantagePoint Venture Partners. www.newenergycapital.com