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Deere & Company on February 25 announced that it will review strategic options for its wind energy business and has retained Goldman, Sachs & Company as exclusive financial advisor to assist in the initiative.
Deere said no formal decisions have been made and no agreements have been reached concerning the company's long-term investments in wind energy projects that are either operational or in development in several states of the U.S.
Deere has been involved in the financing, development, and ownership of wind energy projects for the past five years and has become a leader in project development, management, and financing of wind energy projects in rural U.S. communities.
Currently, Deere has 34 wind energy projects in seven states with operational capacity of 706 megawatts. In addition, the company has numerous wind energy projects in development.