ABB_id2059
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

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015