in News Departments > New & Noteworthy
print the content item

Charlotte, N.C.-headquartered Duke Energy has acquired the wind power development business of Austin, Texas-based Tierra Energy.

The purchase includes more than 1,000 MW of wind assets under development in the western and southwestern U.S., the companies say. The assets become part of Duke Energy Generation Services (DEGS), a Duke Energy subsidiary that focuses on investments in on-site energy, commercial and renewable energy assets across North America.

In addition, six members of Tierra Energy's senior management team are joining DEGS, including David Marks. Marks, who was formerly Tierra Energy's president, becomes DEGS' senior vice president, business development - wind energy.


Advertisement

Trachte_id2056
Latest Top Stories

More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.


How Wind Energy Can Meet EPA Clean Power Plan Requirements

According to the American Wind Energy Association, wind power is a cost-effective solution for complying with the environmental effort.

Hybrid Energy Innovations 2015