John Deere sells wind-energy unit
Deere indicated plans to sell the business earlier this year, and it named Exelon as the buyer in August. "As Deere sharpens its own strategic focus, we have concluded that the company's resources are best invested in growing our core equipment businesses around the world," Deere & Co. chairman and CEO Samuel R. Allen previously stated.
John Deere Renewables includes 36 wind-energy operations in eight states with operational capacity of 735 megawatts. A number of other wind-energy projects are in development.
Exelon is an electricity generating and distributing company, with holdings in nuclear, hydro, and fossil-fuel generation, as well as leases on renewable-energy projects like wind, solar-power, and landfill gas generating projects. It is the largest wholesale marketer of wind energy east of the Mississippi River, with 352 megawatts of wind power capacity from five wind projects.
"We expect to see increasing demand for clean, efficient wind power at a national level and in the 29 states that already have a renewable energy standard," Chairman and CEO John Rowe said earlier this year. "This acquisition gives Exelon a strong position in the wind-generation business that adds diversity to our generation fleet and provides more options for future growth."
Related News

Elizabeth May wants a fully renewable electricity grid by 2030. Is that possible?
TORONTO - Green Party Leader Elizabeth May has a vision for Canada in 2030. In 11 years, all new cars will be electric. A national ban will prohibit anyone from buying a gas-powered vehicle. No matter where you live, charging stations will make driving long distances easy and affordable. Alberta’s oil industry will be on the way out, replaced by jobs in sectors such as urban farming, renewable energy and retrofitting buildings for energy efficiency. The electric grid will be powered by 100 per cent renewable energy.
It’s all part of the Greens’ “Mission Possible” – a detailed plan released Monday…