Goldwind Selects Broadwind (BWEN) to Supply Towers for Montana Musselshell Project

China’s leading wind energy company, Goldwind, has selected Broadwind Energy (NASDAQ: BWEN) to supply 14 wind turbine towers for its Musselshell project in Shawmut, Montana, set for installation during the second half of 2012.

“We have worked with Broadwind on some of our most visible projects in the Americas including the 109.5 MW Shady Oaks wind farm,” said Tim Rosenzweig, chief executive officer of Goldwind USA. “Broadwind has been an integral part of our efforts to build a domestic supply chain that would ensure the delivery of high-quality projects for our customers and we are pleased to work with its team once again.”

Proven experience, flexibility and quality

With more than 1,200 towers produced to date, Broadwind is a leading U.S. producer of multi-megawatt wind turbine towers. The first in the U.S. to manufacture 100-meter towers, Broadwind applies existing talent to a new American challenge, tapping deep roots in steel fabrication to create the tall steel towers that enable turbines to capture maximum wind energy.

“We are delighted to extend our relationship with Goldwind through another project,” said Peter C. Duprey, president and chief executive officer of Broadwind Energy. “We look forward to future opportunities to support Goldwind’s growth as we work together building quality wind towers and creating local jobs to support America’s need for cleaner energy solutions.”

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, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and 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 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.