Brazil extends local-content deadlines

Brazil's National Development Bank BNDES has announced a deadline waiver to parts of its local-content rules for wind turbines and components – apparently after listening to manufacturers’ pleas.

OEMs will have six months more to comply with elements of the local-content requirements, apart from a handful of exceptions where the previous schedule remains.

The deadline for the complete “nationalisation” of Brazil-made turbines has not changed, however, and is still set for January 2016.

Turbine-makers have to comply with the local-content rules if developers using their machines are to qualify for the best finance rates on offer from the development bank.

In a statement BNDES says that it has “been closely looking at the sector's development” since the bank set up the Log in to read complete article.

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