Deere & Co. Closes Sale of Wind Biz
Deere & Company, the world?s largest farm-equipment maker,? has closed the $900 million sale of? of its wind energy business to Chicago-based Exelon.?
The deal was jointly announced last August.? At the time Deere said it was selling its renewable energy business to focus on its core farming equipment businesses.
With the buyout Exelon is getting 36 completed projects generating 735 megawatts of power. The Chicago power company is also getting its hand on a 1,468 megawat ?project pipeline, including 230 megawatts in advanced stages of development.
Barclays Capital acted as financial advisor to Exelon. Foley & Lardner served as legal advisor and McDermott Will & Emery advised for certain tax matters.