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Duke Energy buys wind power development business

Tue May 29, 2007 5:28pm EDT

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May 29 (Reuters) - Duke Energy Corp. (DUK.N) said it acquired the wind power development business of Tierra Energy from Energy Investors Funds for an undisclosed amount.

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The acquisition supports its strategy to increase investment in renewable energy and national efforts to reduce carbon emissions, the power company said in a statement.

The acquisition includes over 1,000 megawatts of wind assets under development in the Western and Southwestern United States, it added. (Reporting by Sreerupa Mitra in Bangalore)

Mergers & Acquisitions


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