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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 operationsimmediately from a 355,000-square-foot building in Izmir. With convenient access to both landand water transportation, the facility is located to serve the Turkish wind market and to costeffectivelyexport blades to southern and eastern Europe and northern Africa.
Having manufactured tens of thousands of high-quality wind blades over a decade in NorthAmerica 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 JVwill initially employ 350 people with the opportunity to triple the number of employees as thewind 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 toexpand our global operations into Turkey,” said Steve Lockard, CEO of TPI Composites. “Withits strong industrial and manufacturing base, Turkey will serve as an excellent hub for oureastern European operations. As the first merchant wind blade supplier in Turkey, we intend topartner with leading customers in the region to provide advanced, high-quality, cost-effectivewind blades.”
Serdar Kemaloglu, a board member and CEO of ALKE, added, “We are pleased to partner withTPI in this venture. Prior to this JV, the factory we occupied was one of the largest producers ofsteel containers in Europe. Now, it will serve as a hub for composite blade manufacturing. Withthe growing demand for wind energy in Turkey, this venture will add value to the community andcreate many jobs.”
Turkey’s energy consumption is rising by an average of 8-9 percent per year. The country isturning to renewable energy sources as a means to improve its energy security and curbdependence on imported gas. The country’s new feed-in-tariff, including incentives for localcontent, combined with attractive merchant market electricity prices are supporting a highgrowth wind energy market.
Energy experts believe Turkey’s wind market may add 500-1,000 MW per year reaching morethan 5 GW by 2015. It is estimated Turkey will install up to 20 GW by 2023, helping the countryto source 30 percent of its electricity generation from renewable forms of energy by that time.
More information:www.tpicomposites.com or www.alke.com.tr