Monday, May 29 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 22
Week of May 15
Week of May 08
Week of May 01
Week of Apr 24
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Wind tower orders totalling USD 750m urge Arcosa to build new factory

    March 15, 2023 - SeeNews Renewables


      March 15 (Renewables Now) - Infrastructure-related products and solutions provider Arcosa Inc (NYSE:ACA) on Tuesday announced plans to open a new wind tower manufacturing facility in New Mexico after booking USD 750 million (EUR 700m) worth of orders for delivery in the period 2024-2028.

      The Dallas-based company said in a statement it expects to invest between USD 55 million and USD 60 million to purchase property in Belen, modify the existing plant and procure the needed equipment. Arcosa noted that the project will be supported by attractive incentives from the state and the city of Belen.

      “We look forward to expanding our manufacturing capacity to New Mexico, where market demand for new wind projects is robust,” commented Antonio Carrillo, president and CEO of Arcosa.

      The start of production at the new site is scheduled for mid-2024, the company said, adding that more capacity is available to pursue further growth in the region.

      As per the new wind tower orders, Arcosa said that most of them concern projects under development in the Southwest and all should be eligible for the Advanced Manufacturing Production tax credit included in the Inflation Reduction Act (IRA).

      “The outlook for our wind business remains favorable, reflecting rising demand for access to clean energy. Since the passage of the Inflation Reduction Act, we have received wind tower orders in excess of USD 1.1 billion,” Carrillo stated.

      (USD 1.0 = EUR 0.933)


    Other Articles - Utility Business / General


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.