Duke Buying Renewable Energy Company Catamount
June 27, 2008 - Category: Diamond Mining, Oil and Gas
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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on Friday, June 27th, 2008 at 11:35 am and is filed under Diamond Mining, Oil and Gas. Tags: Acquisition, Austin, Catamount Energy Corp., Company, Diamond Castle Holdings LLC, Diamond Mining, Duke Energy, Duke Energy Corp., Energy, Energy Corp., Gas, Natural Gas, natural gas-fired power generation facilities, Power, power generation facilities, renewable energy, Texas, Tierra Energy, Vermont, Watts, wind energy, wind energy generation capability, Wind Power, .
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