Duke Energy Acquires Tierra Energy's Wind Business

NAW Staff, Wednesday 30 May 2007 - 11:00:50

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.


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