TPI Composites, a U.S.-based supplier of structural composite products to the wind energy industry, has acquired the remaining 25% interest in its joint venture wind blade operation in Izmir, Turkey.
TPI launched the business in 2012 with a local partner ALKE INSAAT and says it has grown the operation into the largest wind blade manufacturer in the region. TPI has invested more than $35 million to fully capitalize the Turkey operation, including a complete upgrade to its 355,000 square-foot building.
"We are very pleased to have signed long-term agreements for our initial capacity in Turkey with leading customers in the region," comments Steve Lockard, president and CEO of TPI Composites. "It is a great thrill to see our world-class operation take shape and ramp to its full capacity."Â