Brazil's BNDES tightens local-content rules for wind

Brazil’s national development bank BNDES has further tightened its local-content rules for wind projects eligible for funding from the bank.

Currently, turbine manufacturers need to source 60% of components in Brazil in order to gain Finame accreditation and the attractive finance terms that go with it.

Under the new rules, from January turbine manufacturers need to comply with three out of the following four criteria:

*Manufacture of towers in Brazil, with at least 70% of steel plates produced in the country or using concrete that has been locally produced.

*Manufacture of blades in Brazil by the company itself or third parties.

*Nacelle assembly in a company’s own plant.

*Assembly of hubs with forging in Brazil.

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