Wind Power Gets a $240 Million Push
Posted by Srikant Rajan | # |
03:53:13 pm on June 27, 2008

Duke Energy,is one of the largest electric power companies in the United States,  and delivers electricity to nearly 4 million US customers .Duke has acquired  Vermont based acquired Catamount Energy Corporation , which has developed wind projects in US and United Kingdom.This acquisition has cost Duke $240 million and any assumed debt.

Duke is slowly but surely building up its renewable energy generating capacity.This acquisition comes after the recent agreement to purchase electrical power from a photovoltaic solar farm slated to be built in Davidson County.Duke has also plans to invest $100 million in to develop solar power in North Carolina.Now the plunge into the wind power segment further highlights that Duke’s plans to develop its renewable power offerings.

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