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Article: TPI Composites Raises $20 Million of Growth Capital From GE and Existing Investors.
- Article from:
- PR Newswire
- Article date:
- January 22, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SCOTTSDALE, Ariz. and PALM SPRINGS, Calif., Jan. 22 /PRNewswire/ -- TPI Composites, Inc., a leading supplier of high-technology wind turbine blades to Mitsubishi Power Systems and GE , announced today it has received $20 million from GE's investment arm, Landmark Growth Capital Partners, NGP Energy Technology Partners and Angeleno Group to support its growth. The Series B funding, announced at TPI's headquarters in Scottsdale and at the 5th Annual Clean-Tech Investor Summit in Palm Springs, reflects an increase in the company's valuation since Series A financing was completed a year earlier.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090122/LA61357)
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