Broadwind Signs Three-Year $137 Million Wind Turbine Tower Supply Agreement
Broadwind President and CEO Stephanie Kushner stated, “The market visibility has improved significantly given the certainty of the Production Tax Credit structure, and we are pleased to receive this long-term commitment from our customer. This agreement extends our backlog through 2019.”
CICERO, Ill., June 02, 2016 (GLOBE NEWSWIRE) -- Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that its wholly-owned subsidiary Broadwind Towers, Inc. has signed a $137 million, three-year framework agreement to supply wind turbine towers to a U.S. wind turbine manufacturer. The towers will be produced in the Companys two facilities located in Manitowoc, WI and Abilene, TX for delivery into 2019.
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Broadwind President and CEO Stephanie Kushner stated, "The market visibility has improved significantly given the certainty of the Production Tax Credit structure, and we are pleased to receive this long-term commitment from our customer. This agreement extends our backlog through 2019."
About Broadwind Energy, Inc.
Broadwind Energy (NASDAQ:BWEN) applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications, to wind towers and industrial weldments, we have solutions for the energy needs of the future. With facilities throughout the central U.S., Broadwind Energy's talented team is committed to helping customers maximize performance of their investments—quicker, easier and smarter. Find out more at www.bwen.com
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