The wind tower order deliveries will begin in 2024 and continue through 2028.
markets, said wind tower order deliveries will begin in 2024 and continue through 2028.
The company would not comment on what firm or agency ordered the wind towers, but said it will support its wind energy expansion project in the Southwest. Production is expected to begin in mid-2024. Arcosa is also planning to open a manufacturing facility in Belen, New Mexico and bring new jobs to the state. The company plans to invest anywhere from $55 to $60 million to purchase property, modify its existing plant and buy equipment for the New Mexico facility. It is seeking financial incentives from New Mexico and the city of Belen.
The new orders are expected to be eligible for the Advanced Manufacturing Production tax credit, a part of the Inflation Reduction Act. Since its passage in 2022, Carrillo said that the company has received over $1.1 billion of wind tower orders. “The outlook for our wind business remains favorable, reflecting rising demand for access to clean energy,” Carrillo said.Texas is the country’s largest wind power product with more than 37,000 megawatts of capacity,
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