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Deere Reaches Agreement for Sale of Wind Energy Business

Wed, 09/01/2010 - 12:20pm
PowerPulse.net

Deere & Company announced that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corp..

"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," said Samuel R. Allen, Deere & Company Chairman and Chief Executive Officer. "We have chosen to place the wind portfolio with Exelon in part due to its demonstrated leadership in the energy industry."

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