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.
Featured Product
U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES
Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2™ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.
