Deere & Co. sells its wind unit to Exelon for $900 million

Deere & Co. said Tuesday it would sell its John Deere Renewables unit, including wind farms, to Exelon Corp. in a deal valued at $900 million. Exelon said it's expanding its role in the wind generation business by adding 735 megawatts of wind energy, plus 230 megawatts under development, via the deal. Deere plans to take an after-tax charge of approximately $25 million in its fourth quarter results as part of the sale. Exelon said it would use debt to pay for the deal. Source: Steve Gelsi of Market Watch.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OMG Roofing Products  - PowerGrip Universal

OMG Roofing Products - PowerGrip Universal

Eliminate Solar Rack Ballast and Reduce Rooftop Material Handling. PowerGrip™ Universal (PGU) is a commercial roof mount system designed to secure solar racks and other equipment to any type of commercial roofing system. PGU provides a secure connection directly to the roof deck or structural members and is designed to reduce or eliminate ballast in solar racking systems, so there's less weight on the roof and less material handling. Made of heavy-duty cast aluminum, PGU units include a base ring which is secured through the roofing cover and into the structural roof deck, and a waterproof top plate.