Deere & Co. says it will review strategic options for its wind energy business, and has retained Goldman, Sachs & Co. as exclusive financial advisor to assist in the initiative.
No formal decisions have been made and no agreements have been reached concerning the company's long-term investments in wind energy projects. Currently, Deere has 34 wind energy projects in seven states, which represents a total operational capacity of 706 MW. In addition, the company has numerous wind energy projects in development.
SOURCE: Deere & Co.