John Deere is one of the giants of America’s agricultural industry. Sometimes being big makes all the difference, especially if you are able to help start up profitable businesses that re-energize rural communities, while making a solid profit for yourself.
JOHN DEERE WIND ENERGY
“Let us help you harvest the sky, for the benefit of generations to come.”
Wind is the new cash crop, and John Deere is helping rural landowners get a foothold in what is a capital-intensive development process. John Deere Wind Energy, part of the agri-giant’s financial services arm, provides debt and equity financing to landowners who want to build commercial scale wind energy projects – sites that will produce between 10 and 100 Megawatts of energy.
In operation since 2001, John Deere Wind Energy’s investments can create more than 600 Megawatts of power, enough for more than 40,000 homes. The company works with landowners to evaluate potential sites and manage the development process, using their size to establish favorable supply relationships high-quality manufacturers.
Typically, John Deere Wind Energy invests fifty percent of the capital; the rest is covered by landowners and their investors. Return on Investment is tilted towards John Deere in the first ten years while landowners receive maintenance fees for hosting the turbines. But once John Deere has got its investment return, it’s the landowners who profit directly from harvesting wind and transforming it into energy for the national grid.
Wind energy investments benefit the rural American economy while providing clean energy that benefits the world. John Deere Wind Energy is forging financial deals that benefit both parties over the long term.
Case Study
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NextPlays blog
We're stoked that Biolite won SB10's Sustainable Innovation award, announced on the last day of the conference. Jonathan Cedar, co-inventor and the nascent company's CEO delivered a great presentation that made clear the significant impact that could be achieved if Biolite (and stoves like it) replace traditional wood-fired stoves in the developing world. The Biolite stove reinvents stoves used for home cooking in Asia, Africa and Latin America by making the burning process more efficient. The greater efficiency the less fuel is used and less smoke is generated. Less smoke, the less harm to the health of the cooks. Biolite has an additional feature; they've developed a process that converts a small part of the thermal energy into electricity. This means that users can recharge electrical devices while cooking, and that's got to be good for developing world users facing regular megacity brown outs, or for those who are off the grid completely.
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