TPI Composites, Inc
8501 N. Scottsdale Road, Suite 100 , Scottsdale, Arizona, United States

TPI is the largest U.S.-based independent manufacturer of composite wind blades for the high-growth wind energy market supporting global wind turbine manufacturers. TPI operates composite products manufacturing facilities in North America, Europe and Asia. Our products excel where high strength, light weight and durability are required. TPI has over five decades of innovation and expertise in manufacturing large-scale composite structures of highest quality at a competitive total delivered cost to our customers.  Our advanced composites manufacturing technology allows us to build near aerospace grade parts at industrial prices. TPI's advanced composite technology and manufacturing expertise have also been applied to create first-of-their-kind composite solutions in the transportation markets.

The best blades for the cleanest energy

Wind turbine rotor blades are a critical component to the overall performance, reliability and cost of a wind turbine. Representing a meaningful portion of the wind turbine investment, few other components have such a direct impact on the energy capture, loads management, and availability of the wind turbine system. TPI has manufactured more than 52,000 wind turbine rotor blades over ten years to the strictest quality standards. TPI is a proud supplier to some of the most demanding customers in the business.

Sustainability

TPI Composites plays a direct role in a sustainable future. Our approach to sustainable development focuses not only on the environmental impact of our projects, but also a commitment to our employees through safety programs and employee development, and building strong relationships in the communities in which we operate and provide economic impact. Our employees and suppliers are critical in executing our sustainability programs and our Mission and Core Values provide guidance.

Global Wind Energy Market

The wind power generation industry has grown rapidly and expanded worldwide in recent years to meet high global demand for clean electricity. According to BNEF, from 2000 to 2014, the cumulative global power generating capacity in gigawatts, or GWs, grew at an average annual rate of 25%. Cumulative installed capacity is led by China (approximately 110 GWs), the United States (approximately 64 GWs) and Germany (approximately 40 GWs). In addition, from 2008 to 2014, the cumulative global power generating capacity of wind turbine installations in GWs increased by more than three times. Wind energy is now used in over 80 countries, 24 of which have more than 1 GW installed. The rapid growth in the wind power generation industry has been driven by population growth and the associated increase in electricity demand, widespread emphasis on expanded use of renewable energy and water resource management, the increasing effectiveness and cost- competitiveness of wind energy and accelerated urbanization in developing countries, among other factors.  Onshore wind LCOE—which reflects the levelized cost of energy per megawatt hour of a generation project over its lifetime—is now on par with combined new cycle gas turbines and substantially below solar photovoltaic, according to IEA. The advancement of turbine technology, including larger rotor diameters and higher hub heights, has increased energy capture, thus reducing LCOE for onshore wind. For a further discussion of LCOE, see “Our Industry—Global Wind Energy Market.” The proliferation of cost-effective wind generation enhances energy resource diversity and mitigates the price volatility associated with fossil fuels, thereby helping to stabilize overall electricity costs in the long term. Wind energy projects do not require any fuel, such as natural gas or coal, during operation, and we believe that they are typically constructed within a substantially shorter period of time relative to conventional generation resources. In addition, to reduce carbon emissions and dependence on fossil fuels, governments in many countries have adopted renewable energy targets and have financially incentivized investment in wind energy projects.