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


Helukabel_id1908
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

WomenofWind_id
JLG_id1900
UEA_id1896
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886