Charlotte, NC — Duke Energy today announced that they have acquired Catamount Energy Corporation from Diamond Castle Holdings, LLC. The goal of this new acquisition is to significantly expand Duke’s wind energy operations.
Catamount Energy, which was formed in 1992, has been focusing heavily on developing wind power projects in the U.S. and U.K. since 2001. Currently Catamount has approximately 300 megawatts of renewable wind energy in operation. The company further has intentions of developing approximately 1,750 megawatts through projects in several states and in the United Kingdom.
The acquisition of Catamount Energy, valued at about $240 million and assumed debt, coincides closely with Duke Energy’s goals of greater renewable energy development. This past May Duke acquired another wind power development company, Tierra Energy, which is headquartered in Austin, Texas.  The combined entity will have more than 5,000 megawatts of wind energy under development in 12 states and approximately 500 megawatts of operating assets by the end of 2008.
via Duke EnergyÂ
