in News Departments > New & Noteworthy
print the content item

Charlotte, N.C.-based Duke Energy has acquired Catamount Energy Corp. from funds affiliated with private equity firm Diamond Castle Holdings LLC. According to Duke Energy, the transaction will significantly increase the company's wind energy operations.

"This acquisition reinforces Duke Energy's commitment to clean, renewable energy as a major component of electricity generation throughout the U.S.," says Wouter van Kempen, president of Duke Energy Generation Services, a business unit of Duke Energy that owns and develops renewable energy assets.

Catamount Energy was formed in 1992. Since 2001, the company has focused on developing wind projects in the U.S. and U.K. Catamount has approximately 300 MW of renewable energy in operation, including its interests in the Sweetwater project in Nolan County, Texas.

The acquisition is valued at approximately $240 million plus assumed debt.

SOURCE: Duke Energy


Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Future Energy_id2008