GE Energy has signed an agreement with TPI Composites. In support of the agreement, TPI plans to build a new 316,000 square foot facility in Newton, Iowa, USA that will create approximately 500 new jobs.

The new plant will expand TPI's capacity to produce blades for GE's 1.5-megawatt wind turbines. TPI Composites has manufacturing sites in Warren, Rhode Island; Springfield, Ohio; Juarez, Mexico; and TaiCang, China. With the Iowa expansion, the company will reach an estimated 1.1M square feet of manufacturing space in 2008.