ATLANTA–(BUSINESS WIRE)–Reinforcing its capability to meet the growing global demand for wind turbines, GE Energy has signed an agreement with one of the leading wind turbine blade suppliers, TPI Composites. In support of the agreement, TPI plans to build a new 316,000 square foot facility in Newton, Iowa that will create approximately 500 new jobs.

The new plant will expand TPI’s capacity to produce blades for GE’s 1.5-megawatt wind turbines, which are among the most widely used wind turbines in the world, with more than 6,500 installed.

“As the wind industry continues to grow, we face an ever-increasing demand for reliable and efficient wind turbines,” said Victor Abate, Vice President-Renewables for GE Energy. “Our commercial relationships with valued suppliers such as TPI are critical to the continuing growth and success of our business.”

Facility Will Help GE Energy Meet Wind Industry Demands

SCHENECTADY, N.Y.–(BUSINESS WIRE)–To help GE Energy meet the robust worldwide demand for wind turbines, Molded Fiber Glass Companies (MFG) held a groundbreaking ceremony today for a new wind turbine manufacturing plant in Aberdeen, South Dakota that will manufacture blades for GE’s 1.5-megawatt machine, one of the most widely used wind turbines in the world.

The new facility will be owned by the Aberdeen Development Corporation (ADC), and leased and operated by Molded Fiber Glass Companies (MFG), representing a $40 million investment and the creation of up to 750 new jobs. The facility will also enable MFG to increase the volume of wind turbine blade sets being supplied to GE Energy, starting in 2008.