Exelon purchases John Deere wind
Posted on Friday, December 10th, 2010 at 3:11 pm
Exelon, one of the nation’s largest utilities providers, recently purchased John Deere Renewables. Exelon has approximately 5.4 million customers and generates around $17 billion of revenue every year.
John Deere Renewables can provide 735 megawatts of clean wind energy to nearly 220,000 homes. Under Exelon, John Deere Renewables will change its name to Exelon Wind and will involve 36 wind energy projects in 8 states.
Exelon CEO and chairman John W. Rowe called the purchase “an economically sound transaction that adds value for shareholders”. In addition, Rowe noted that the purchase will help Exelon to reach its goal of reducing its carbon footprint by 2020.
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