Broadwind sees post-PTC tower boost
US wind turbine tower manufacturer Broadwind Energy said it is seeing the impact of the extension of the federal Production Tax Credit (PTC) as it announced a $27m order.
Broadwind says the order from an unidentified US wind turbine manufacturer is for towers to be delivered in 2013.
It will make the structures at its Wisconsin and Texas plants.
Broadwind’s chief executive Peter Duprey says: "It is nice to see orders begin to flow as a result of the extension of the PTC.
“With the PTC renewal modified to include projects that commence construction by the end of the year, we expect better order visibility. We continue to be optimistic about the tower business."
The key federal wind-power incentive was given a last-gasp reprieve in the US “fiscal-cliff” deal at the end of 2012.
Broadwind was one of a group of US tower manufacturers that last year successfully lobbied for trade sanctions against imports from China and Vietnam.