The bank’s move to increase the local content of wind turbines was spurred by a directive from Brazil’s president, Dilma Rousseff, seeking to boost the country’s slowing economy and promote jobs growth.
BNDES local-content rules
Since January 2013, turbine manufacturers have needed to comply with three out of the following four criteria in order for their customers to receive preferential loan rates. All four will have to be met by January 2016.
20 August 2013 10:20 GMT
Updated
20 August 2013 10:20 GMT
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