Duke Finalizes Acquisition of Catamount Energy

Duke Energy has finalized its acquisition of Catamount Energy Corporation. The deal, which was originally announced on June 26 is valued at approximately US $240 million plus assumed debt.

Earlier this month, Duke Energy’s Happy Jack wind farm in Wyoming went into commercial operation. Two additional wind energy projects in Texas, which are scheduled to come on line later this year, along with the assets from the Catamount acquisition will provide approximately 500 megawatts (MW) to Duke Energy’s wind portfolio. An additional 5,000 MW of wind energy are currently under development in 12 states.

“The Catamount purchase further positions Duke Energy with additional expertise, resources and a proven track record to continue our growth in the wind business,” said Wouter van Kempen, president of Duke Energy Generation Services (DEGS), a business unit of Duke Energy that owns and develops renewable energy assets.

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