Duke Energy Increase Alternative Portfolio

June 2008 | M&A News Alert

US firm Duke Energy announced on June 26 the acquisition of wind power specialists Catamount Energy Corporation from private equity firm Diamond Castle Holdings, for US$240mn in cash, plus assumed debt. Duke will be continuing with an aggressive M&A record that has already seen them significantly increase their alternative energy portfolio. Wouter Van Kempen, President of Duke Energy Generation Services (DEGS) said that 'This acquisition reinforces Duke Energy's commitment to clean renewable energy as a major component of electricity generation throughout the

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