TPI Composites Raises $26 Million In Growth Capital From Investors


TPI Composites, a provider of wind turbine blades, says it completed a Series B-1 transaction, which raised $26 million in growth capital from Element Partners and existing investors. Landmark Growth Capital Partners, NGP Energy Technology Partners, Angeleno Group and GE Capital also participated in the round of funding, and the terms of the transaction were not disclosed.

The company also announced the addition of Michael DeRosa of Element Partners and Daniel Weiss of Angeleno Group to TPI's board of directors.

SOURCE: TPI Composites

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