John Deere Wind Energy announces Canadian expansion



    JOHNSTON, IA, Aug. 1 /CNW/ - John Deere Wind Energy recently announced it
is expanding its business to include Canada. The company has developed a new
business capability that provides project development, debt financing and
other services similar to those already offered in the United States.
    John Deere Wind Energy will focus on enabling its Canadian customers and
their communities the opportunity to participate in renewable energy
development. It will offer specialized expertise in project finance,
construction project management, wind turbine procurement, and wind energy
technology and operations.
    To assist with this new business, John Deere Wind Energy has hired
J. Douglas Duimering as Manager of Business Development for Canada. Duimering
will be responsible for developing and implementing tactical and long-range
plans for the development of the Canadian market by building relationships
with key developers and overseeing project development across the country.
    "We have invested in and developed wind projects throughout the United
States over the last few years with great success. We look forward to using
John Deere's resources, financial strength and expertise to create a
successful wind energy program in Canada as well," says David A. Drescher,
Vice President of John Deere Wind Energy.
    Duimering was recently Director of Sales for Vestas Canada where he
supported wind developers on projects throughout Canada. "I've been passionate
about wind power for some time and look forward to using my energy and
abilities to help John Deere Wind Energy grow its business in Canada,"
Duimering says.

    About John Deere Wind Energy and John Deere Credit

    John Deere Wind Energy is a business unit of John Deere Credit, which is
the financial services arm of Deere & Co. John Deere Credit is one of the
largest equipment finance companies in North America with a managed portfolio
in excess of $21 billion. In addition to providing retail, wholesale and lease
financing to help facilitate the sale of John Deere agricultural,
construction, commercial and consumer equipment, John Deere Credit also offers
revolving credit, operating loans to farmers, crop insurance (as an MGA), and
debt and equity financing within the wind energy arena. Today, John Deere
Credit has approximately 1,700 employees worldwide and has operations in 17
countries.





For further information:

For further information: Jim Meenagh, John Deere Credit, (515) 267-3939,
Meenagh.JamesE@JohnDeere.com

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JOHN DEERE WIND ENERGY

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