in News Departments > New & Noteworthy
print the content item

Dallas-based Trinity Industries - a provider of products and services to the industrial, energy, transportation and construction sectors - is reporting an increase in wind tower production due to the extension of the federal production tax credit (PTC).

In its quarterly filing, Trinity says its Energy Equipment Group - the segment that includes wind towers - reported revenues of $152.5 million for the quarter ended June 30, compared to revenues of $130.7 million in the same quarter last year. In the filing, Trinity notes, "Orders for structural wind towers, slow since mid-2008, increased in 2013 principally related to the January 2013 renewal of the federal production tax credit."

Further, its operating profit for the quarter increased to $14.3 million, compared to $4 million in the same quarter last year.

As of June 30, the company notes it has received orders for $22 million of structural wind towers during the quarter, resulting in a backlog for structural wind towers of $642.9 million.

The rebound in tower orders is notable considering that last July, Trinity noted that it was transitioning away from tower production. In fact, Trinity re-purposed tower facilities in Ft. Worth, Texas, and Castanos, Mexico to produce rail tank cars.

However, Trinity continued to build towers in Clinton, Ill., and Newton, Iowa. The company also confirms that it is manufacturing towers in West Fargo, N.D. and Tulsa, Okla. - two sites formerly owned by DMI Industries, which Trinity acquired in Sept. 2012.


Trachte Inc._id1770
Latest Top Stories

Wind And Solar Are Catching Up With Nuclear Power, Says Report

A new report from the Worldwatch Institute says nuclear energy's share of global power production is steadily shrinking. Meanwhile, renewables' share keeps growing.


Could New Desert Plan Spell The End Of California Wind Energy Development?

The California Wind Energy Association says it is disappointed with the draft Desert Renewable Energy Conservation Plan, which was recently released by state and federal agencies.


New U.S. House Bill Includes Wind PTC Extension

U.S. representatives have introduced the Bridge to a Clean Energy Future Act of 2014, which would extend the production tax credit (PTC) and other provisions through 2016.


Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008