Exelon, the country’s largest producer of nuclear power, is betting big that the long-discussed boom in wind power is for real. The company, advised by Foley & Lardner, agreed today to buy 36 wind farms from the farm machinery heavy Deere & Co. (which you all know by the name John Deere) for about $900 million, according to nice wrap-ups from Bloomberg and Dow Jones.
Skadden, Arps, Slate, Meagher & Flom advised Deere, a longtime Skadden client dating back several decades. Daniel Dusek, a Skadden partner who led the firm’s team along with David Friedman, declined to comment when we reached him today. Friedman did not immediately respond to a message seeking comment. Deere announced in February that it would seek to get out of the wind power business and focus on its core work in farming and farm machinery. Deere sold the 36 wind farms and other assets in an auction process.
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