Market Overview

Broadwind Energy Awarded $37M in Tower Orders

Broadwind Energy (NASDAQ: BWEN) announced today that it has been
awarded tower orders totaling approximately $37 million from two U.S.
wind turbine manufacturers, for manufacture beginning in late 2012 and
extending well into 2013. The towers will be produced in the Company's
Manitowoc, WI facility.

Peter C. Duprey, president and CEO of Broadwind Energy, Inc., stated,
“The market for wind towers in the U.S. is coming into balance. Due to
the pending expiration of the Production Tax Credit and the wind tower
trade case, a number of competitors, both foreign and domestic, have
exited the market or repurposed some of their production assets. This
has improved the balance between supply and demand. In 2011, we at

See full press release

Posted-In: News Guidance Contracts Global

 

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