Contract means custom fabricator is almost 75% booked for 2015
- $14 million
- Production Tax Credits’ role
- More orders predicted
Broadwind builds towers for mounting wind turbines at fabricating operations in Texas and Wisconsin.
Broadwind Energy Inc. announced a new contract for wind-tower fabrication worth $14 million, work it will carry out at its manufacturing operations Manitowoc, WI and Abilene, TX facilities. It’s the first such order that Broadwind has announced in over a year, and valued at just a fraction of the projects it undertook early last year. At that time, wind-energy projects had been recently boosted by the extension of federal Production Tax Credits for wind farm operations and wind turbine.
Illinois-based Broadwind specializes in wind-energy projects. It machines gears and gearing systems for wind energy, oil and gas and mining applications, and offers remanufacturing service for wind turbine gearboxes and blades.
The fabricator did not name the wind-turbine builder that booked the new order, nor the location of the wind farm where the towers would be installed, nor the instalation.
"With these orders, nearly three quarters of our tower production capacity for 2015 is sold and we expect to fill the remaining capacity before year-end,” stated Broadwind president and CEO Peter Duprey
“We are in discussions with customers for additional commitments into 2016 and 2017 and look forward to a decision on the Production Tax Credit after the November elections,” Duprey stated. “We remain confident about the demand for wind energy assets in the U.S."