Deere Sells Wind Energy Business to Exelon

Deere & Co. completed the sale of its wind energy business, John Deere Renewables, LLC, to Exelon Corp.'s wholly owned subsidiary, Exelon Generation Company. The deal, valued at $900 million, includes a provision for $40 million upon commencement of construction of the advanced development projects.

John Deere Renewables invests in and provides value-added services for wind project development. These services include comprehensive project development services, wind turbine supply and operation management as well as long-term debt and equity investment for wind energy projects in the U.S. and Canada.

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