Gamesa: ‘We have to be sure wind will continue to be competitive in Brazil’

New local-content compliance rules being proposed by the Brazilian development bank, BNDES, will increase the cost of building wind farms, but by how much is unknown.

Manufacturers are analysing the new rules, which, as Recharge reported last week, are likely to call for one of three systems — inverters, gearboxes or generators — to be sourced in Brazil by 2015 for developers to be able to qualify for low finance rates from the bank.

Spain’s Gamesa, which has been in Brazil for two years, is among the companies seeking to work out how it can source equipment within the deadline outlined by the bank.

Gamesa believes the bank’s move is well thought out, but the…

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