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Diamond Castle Sells Catamount Energy

NEW YORK, June 26 (Reuters) – U.S. power company Duke Energy Corp (DUK.N: Quote, Profile, Research, Stock Buzz) on Thursday said it bought wind energy company Catamount Energy Corp from private equity firm Diamond Castle Holdingds for about $240 million.

Catamount has about 300 megawatts of renewable energy in operation, as well as about 1,750 megawatts of development interest in the United States and the United Kingdom.

Duke said the deal price does not include assumed debt. (Reporting by Michael Erman, editing by Gerald E. McCormick)