Deere & Co.’s recent agreement with Exelon Corp. to offload its wind-farm division for $900 million comes at a time when construction activity in wind power is anything but breezy.
“The overall economy has affected this market,” says Tom Wacker, senior vice president of M.A. Mortenson Co., Minneapolis. “But the business has very much experienced a boom-and-bust cycle, and that’s because of the lack of consistent federal legislation.”