GE Vernova and Vestas to acquire assets from TPI Composites

Type: Acquisition · Technology: Offshore Wind · Country: United States · Announced: 2026-05-27

GE Vernova and Vestas are set to acquire key assets from TPI Composites, a fallen blade giant that was once valued at nearly $2 billion. TPI Composites has filed a wind-down plan, leading to the sale of its assets at fire sale prices. This acquisition reflects a broader shift in the wind supply chain, where OEMs are moving away from long-term supplier agreements towards direct ownership or tighter control of manufacturing facilities. The deal involves the acquisition of assets that are crucial for wind turbine blade manufacturing, impacting the future supply chain dynamics in the US offshore wind sector.

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