TPI continues to produce GE rotor blades in Iowa

TPI Composites, Inc., (TPI) (Nasdaq: TPIC), a global company focused on innovative and sustainable solutions to decarbonize and electrify the world, announced today that it signed an agreement with GE Renewable Energy that enabled TPI to secure a ten-year lease extension of its manufacturing facility in Newton, Iowa.

Under the agreement, GE and TPI plan to develop competitive blade manufacturing options to best serve GE’s commitments in the US market with production expected to start in 2024. “We are pleased to announce our unique partnering approach with GE to secure the long-term availability of our Newton, Iowa facility for GE’s future blade production needs. This agreement is possible in part due to the support provided by the Inflation... ... More: Official Press Release TPI Composites

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TPI Composites, Iowa, USA, manufacturing, GE Renewable Energy, facility, extension, ealse, rotor blade, wind turbine