Furnas says it is seeking a new arrangement after the German turbine-maker lost its ability to attract preferential rates of finance for deployment of its machines from Brazilian development bank BNDES.
Like some other overseas manufacturers, Fuhrländer failed an audit of minimum local-content compliance carried out by the bank earlier this year.
Furnas – a subsidiary of state utility Eletrobras – says that without access to the best finance rates returns from its wind projects will be compromised, and it is now looking for a better deal.
Olga
