One of the largest electric companies in the United States, Duke Energy, has announced their acquisition of Tierra Energy. Tierra is a company based in Austin, Texas that focuses primarily on wind power development. “As our nation’s appetite for electricity continues to grow, renewable energy will play a larger role in meeting that demand,” said Duke Energy Chairman, President and CEO, James E. Rogers. “This acquisition supports our strategy to increase our investment in renewable energy and national efforts to reduce carbon emissions.” With an increasing focus on renewable energy, we may begin to see a growing number of these types of situations occurring where larger, more established power companies buy up smaller renewable energy companies to gain positions in that market. Read the full press release for more information regarding this acquisition. 

Tierra Energy 
Duke Energy

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This entry was posted on Thursday, May 31st, 2007 at 4:54 pm and is filed under Wind. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.