Blade manufacturer TPI Composites has extended two supply agreements with GE in the US and Mexico and signed a multi-year agreement with Nordex in India.
The deals with GE are in the US state of Iowa through to 2021, with an option to extend again to 2022, and in Juarez through to 2022.
TPI said it will also be adding another production line in Mexico to provide for GE’s turbine technologies in North America.
In India, the company has agreed two manufacturing lines in Chennai for Nordex, with production scheduled to start in the first quarter of next year.
TPI said the new manufacturing lines and extensions add approximately $800m of potential contract value.
Meanwhile, the company reported a net loss of $66.1m in the second quarter of the year, compared with a profit of $0.5m in the same period of 2019.
TPI blamed the loss mainly on the impact of the Covid-19 pandemic on its operations.
Net sales increased during the period to $373.8m from $330.8m, however, Covid-19 impacts adversely affected the sales by about $96m, the company said.
The adverse impact is based upon wind blade sets which TPI had forecasted to produce at its Mexico, Iowa, Turkey and India manufacturing facilities in the period under non-cancellable purchase orders associated with long-term contracts but were unable to do so as a result of to the Covid-19 pandemic.