ABB_id2059
in News Departments > FYI
print the content item

Broadwind Energy says it has won a $14 million wind tower order from an unnamed wind turbine manufacturer.

The order includes an option to purchase up to $27 million of additional towers, which would have to be exercised in early 2013. The towers will all be delivered in 2013 and will be produced at the company's facilities in Manitowoc, Wis., and Abilene, Texas.

In August, Broadwind said that due to the downturn in the market, the company was shifting its business away from wind energy. However, Peter C. Duprey, Broadwind's president and CEO, says he is becoming more optimistic.

“Assuming the option is exercised, orders for 2013 deliveries will exceed the low end of the production-range guidance we previously provided,” he says. “With wind tower supply and demand coming into better balance, and the ongoing [wind tower] trade case [with China], we have seen continued market-share gains and are increasingly optimistic about the outlook for the tower business in 2013."


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015