Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that the Company has received $38 million in new tower orders from a leading global wind turbine manufacturer.
Broadwind will manufacture the towers at its Abilene, Texas facility. The Company expects to complete production on the order in the first half of 2023.
"Today, we announced our largest tower order in more than three years, as demand for new wind installations begins to accelerate following the recent passage of the Inflation Reduction Act (IRA), which included longer-term tax incentives designed to spur investment in wind and renewables," stated Eric Blashford, President and CEO of Broadwind. "Given improving fundamentals within our wind vertical, together with strong activity within conventional energy and industrial end-markets, we see significant opportunities for growth entering 2023."