Duke Energy Corp. will buy privately held Catamount Energy Corp. for $240 million, plus assumed debt, to bolster its wind energy generation capability.

Duke bought the Rutland, Vt.-based renewable energy company from private-equity firm Diamond Castle Holdings LLC.

Catamount currently operates facilities providing 300 megawatts of renewable energy.

In May 2007, Duke bought Austin, Texas-based Tierra Energy, which builds wind power and natural gas-fired power generation facilities for an undisclosed amount.

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