You are here

TPI Composites and ALKE launch wind blade joint venture in Turkey

News International-French

12 Apr 2012

TPI Composites, Inc. a global supplier of wind turbine blades and other composite structures with headquarters in Scottsdale, Arizona, and ALKE ÎNŞAAT, an engineering, manufacturing and construction company headquartered in Istanbul, Turkey, have formed a joint venture company in Izmir, Turkey to manufacture large composite wind turbine blades.

The new joint venture, TPI Kompozit Kanat Sanayi ve Ticaret A.S., will commence operations
immediately from a 355,000-square-foot building in Izmir. With convenient access to both land
and water transportation, the facility is located to serve the Turkish wind market and to costeffectively
export blades to southern and eastern Europe and northern Africa.

Having manufactured tens of thousands of high-quality wind blades over a decade in North
America and China, TPI Composites will control and operate the Turkish joint venture.

TPI Kompozit will provide blades to key customers based on multi-year commitments. The JV
will initially employ 350 people with the opportunity to triple the number of employees as the
wind energy market in Turkey and eastern Europe expands.

“We are excited to take this next step in our company’s growth by partnering with ALKE to
expand our global operations into Turkey,” said Steve Lockard, CEO of TPI Composites. “With
its strong industrial and manufacturing base, Turkey will serve as an excellent hub for our
eastern European operations. As the first merchant wind blade supplier in Turkey, we intend to
partner with leading customers in the region to provide advanced, high-quality, cost-effective
wind blades.”

Serdar Kemaloglu, a board member and CEO of ALKE, added, “We are pleased to partner with
TPI in this venture. Prior to this JV, the factory we occupied was one of the largest producers of
steel containers in Europe. Now, it will serve as a hub for composite blade manufacturing. With
the growing demand for wind energy in Turkey, this venture will add value to the community and
create many jobs.”


Turkey’s energy consumption is rising by an average of 8-9 percent per year. The country is
turning to renewable energy sources as a means to improve its energy security and curb
dependence on imported gas. The country’s new feed-in-tariff, including incentives for local
content, combined with attractive merchant market electricity prices are supporting a high
growth wind energy market.

Energy experts believe Turkey’s wind market may add 500-1,000 MW per year reaching more
than 5 GW by 2015. It is estimated Turkey will install up to 20 GW by 2023, helping the country
to source 30 percent of its electricity generation from renewable forms of energy by that time.


More or