TPI Composites to sell remaining assets to Vestas and GE Vernova for $44 million
TPI Composites, once a major independent wind blade manufacturer, is set to sell its remaining assets for just $44 million split between Vestas and a GE Vernova-backed group, according to Windpower Monthly. The fire-sale price reflects the severe financial distress that has characterised the independent blade supply chain, with implications for supply concentration and counterparty risk across the industry. Operators and insurers dependent on independent blade sourcing or warranties should reassess exposure given the further consolidation of manufacturing capacity into OEM hands.
Read at Windpower MonthlyWindEurope publishes first figures on wind turbine blade waste going to landfill
WindEurope has for the first time disclosed data on the volume of decommissioned wind turbine blade waste ending up in landfill, ahead of a 2025 self-imposed industry target to reuse, recycle, or recover 100% of blades, Windpower Monthly reports. The publication acknowledges significant gaps in the underlying data, meaning the full picture remains incomplete. For asset managers and insurers, the emerging data trail on blade end-of-life liability and compliance costs is a material consideration for portfolio risk assessments, particularly as decommissioning rates accelerate.
Read at Windpower MonthlyEach item is generated by AI from publicly available wind-energy press, with the source cited. Headlines and summaries are written by a language model and may contain errors — always check the source link. The briefing does not promote Turbit, its products, or any other predictive-maintenance vendor.
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