TPI Composites Asset Fire Sale
Sector: Wind • Location: United States
Source: Recharge News
TPI Composites, a major US wind blade manufacturer once valued at nearly $2bn, has filed a wind-down plan to sell its assets for less than $50 million as it winds down in bankruptcy. The plan involves selling most of TPI's blade factories in the US and Mexico to investment firm EPC in a GE Vernova-backed deal for $20 million, while TPI's Chennai, India and remaining Mexico assets would be acquired
- Status
- Prospective
- Sector
- Wind, Manufacturing (Industrial)
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Recharge News
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | TPI Composites, a major US wind blade manufacturer once valued at nearly $2bn, has filed a wind-down plan to sell its assets for less than $50 million as it winds down in bankruptcy. The plan involves selling most of TPI's blade factories in the US and Mexico to investment firm EPC in a GE Vernova-backed deal for $20 million, while TPI's Chennai, India and remaining Mexico assets would be acquired by Vestas for a combined $24 million. The Turkish facility is expected to be acquired by UAE-backed XCS Composites for no cash, only assumption of liabilities. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Recharge News |
URL |
More Details
Record type | Project |
Sector | Wind, Manufacturing (Industrial) |
Article published date | 2026-05-30 |
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