Exelon Corporation has announced that it has completed its previously announced acquisition of John Deere Renewables. The acquisition of John Deere Renewables marks Exelon’s entry into owning and operating wind projects.
The 36 wind projects in eight states will be called Exelon Wind, a division of Exelon Power. Exelon Power is a unit of Exelon Generation. The purchase price is US$ 860 million with a provision for up to an additional US$ 40 million upon commencement of construction on the advanced development projects. The operational and development employees of John Deere Renewables are now employees of Exelon Wind, and their offices are in West Des Moines, Iowa.
The 36 wind projects in eight states will be called Exelon Wind, a division of Exelon Power. Exelon Power is a unit of Exelon Generation. The purchase price is US$ 860 million with a provision for up to an additional US$ 40 million upon commencement of construction on the advanced development projects. The operational and development employees of John Deere Renewables are now employees of Exelon Wind, and their offices are in West Des Moines, Iowa.
