Broadwind Energy Wins $37 Million in Tower Orders

  Broadwind Energy Wins $37 Million in Tower Orders

Business Wire

NAPERVILLE, Ill. -- October 17, 2012

Broadwind Energy, Inc. (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 Broadwind committed to broadening
our customer base and continued to invest in the North American wind tower
market. As a result of these efforts, we are now the second largest tower
manufacturer in the U.S. and we are winning new business for 2013 despite the
regulatory uncertainty in Washington.”

Duprey concluded, “These towers will support more complex turbine designs,
which are well-suited to the equipment at our Manitowoc plant and our skilled
workforce and welding capabilities. We remain committed to wind tower
production and to supporting customer demand for towers by leveraging our core
competency in welding and our unique combination of experience, location and
flexibility.”

About Broadwind Energy

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, to comprehensive remanufacturing of
gearboxes and blades, to operations and maintenance services, and industrial
weldments, we have solutions for the energy needs of the future. With
facilities throughout the U.S., Broadwind Energy's talented team of 800
employees is committed to helping customers maximize performance of their
investments—quicker, easier and smarter. Find out more at www.bwen.com.

Forward-Looking Statements

This news release includes "forward-looking statements" within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995—that is, statements related to future, not past, events.
Forward-looking statements are based on current expectations and include any
statement that does not directly relate to a current or historical fact. In
this context, forward-looking statements often address our expected future
business and financial performance, and often contain words such as
"anticipate," "believe," "intend," "expect," "plan," "will" or other similar
words. These forward-looking statements involve certain risks and
uncertainties that ultimately may not prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements. The Company's forward looking statements may include or relate to
the Company's plans to grow its business and its expectations regarding its
operations, revenue growth, profitability and the business of its customers;
the Company’s expectations regarding its plan to restructure its operations by
consolidating its operations; the Company’s tower order intake, backlog, and
tower production execution and the effect of such production on the Company’s
inventory and working capital levels as well as the aggregate sufficiency of
the Company's working capital; the Company's expectations regarding the state
of the wind energy market, and the regulatory frameworks affecting the wind
energy industry, as well as the Company's expectations relating to the
economic downturn and the potential impact on its business and the business of
its customers. For further discussion of risks and uncertainties, individuals
should refer to the Company's SEC filings. The Company undertakes no
obligation and does not intend to update these forward-looking statements to
reflect events or circumstances occurring after this news release. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this news release. All forward-looking
statements are qualified in their entirety by this cautionary statement.

Contact:

Broadwind Energy, Inc.
John Segvich, 630.995.7137
john.segvich@bwen.com