Exelon Corporation today announced that the previously announced acquisition of John Deere Renewables has been completed.
The acquisition of Deere’s wind energy business gives Exelon 36 wind projects in eight states that will now be called Exelon Wind, a division of Exelon Power. The projects amount to 735 operating megawatts of clean, renewable energy – enough to power 160,000 to 220,000 households. According to the company, the acquisition provides incremental earnings starting in 2012 and cash flows starting in 2013 and is a key part of Exelon 2020, the company’s business strategy to eliminate the equivalent of its 2001 carbon footprint by 2020. Exelon reports it is now halfway to its goal and remains the least carbon-intensive of the large U.S. electric utilities.