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| Duke Energy buys Tierra Energy's wind power business Duke Energy, one of the largest electric power companies in the United States, announced that it has acquired the wind power development business of Tierra Energy, a leading wind power development company located in Austin, Texas, from Energy Investors Funds. The purchase includes more than 1,000 megawatts of wind assets under development in the Western and Southwestern United States. Three of the development projects – a total of approximately 240 megawatts – are located in Texas and Wyoming, and are anticipated to be in commercial operation by the end of next year, with additional facilities potentially in operation as early as 2009. The assets become part of Duke Energy Generation Services (DEGS), a Duke Energy subsidiary that focuses on investments in onsite energy, commercial and renewable energy assets across North America. write your comments about the article :: © 2007 Construction News :: home page |