John Deere invests in rural wind harvesting projects

Company also created new business unit for companies interested in wind harvesting

Deere & Co. recently made equity investments in several wind energy projects in the rural United States. The company has also created a business unit to provide project development, debt financing, and other services to those interested in wind harvesting.

The company has invested in projects in Minnesota and Texas and is considering projects in other parts of the United States. Industry experts predict the amount of electricity generated by wind power will greatly increase over the next 15 years.

John Deere Credit will manage the company’s new business.