Duke Energy buys wind power development business

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.

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)