Bank's local-content audit 'could destroy Brazil's wind industry'

Suzlon turbines at the Paracurú wind farm in Ceará state, Brazil. The company's local head says the BNDES audit is hitting new projects

Brazil’s main lender to wind farms has revoked finance authorisation for projects using Vestas, Suzlon, Fuhrländer, Clipper and Acciona turbines, after auditing manufacturers to see if they comply with local-content regulations.

“The entire industry is stopped” as a result of the actions of BNDES, the national development bank, says Arthur Lavieri, chief executive of Suzlon Brazil.

Elbia Melo, president of the Brazilian wind-power association, ABEEólica, tells Recharge the action could “destroy the wind industry”.

Projects for which developers are seeking financing from the bank have been paralysed since the beginning of June.

Turbine suppliers, which are required by the bank to have a minimum 60% national equipment content level, have been asked to supply proof that they are in compliance.

The bank investigation involved factory inspections Log in to read complete article.

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