Vestas gets crucial Brazil all-clear for big-selling wind turbine

BNDES local-content accreditation for V150 4.2MW that has proved major regional success story

Vestas has secured clearance under Brazil’s local-content rules for the V150 4.2MW wind turbine that has proved a huge order success for the Danish manufacturer in South America.

The V150 – the largest turbine assembled in Brazil – was accredited by National Development Bank (BNDES) as compliant with the country’s complex localisation regulations, which require a 70% local content level and set parameters even down to nuts and bolts.

Accreditation from the BNDES is a condition for wind farm developers to tap long-term, cheaper financing from the bank, which is the key backer of renewable energy projects in Brazil.

The V150 is by far the most successful turbine in the region. Vestas says it has sold more than 2GW of the machines since it was first offered in Brazil in October 2018, and has invested heavily in its production there to support the 4MW platform.

Vestas boosts Brazilian base with V150 nacelle production

Read more

Vestas becomes the second OEM to localise production of a turbine platform bigger than 3MW in Brazil’s highly competitive 1-2GW annual market. Siemens Gamesa received BNDES accreditation for a 3.4MW turbine in March this year.

Since 2018 manufacturers have been offering models ranging from 4-5MW as investors look for better performance in Brazil, where capacity factors average over 50% – often peaking at over 70% or more in the windy season.

With around 1.5GW spinning or under construction (mostly the V110 2MW platform) out of 15GW already operating in Brazil, analysts say Vestas is poised to become the market leader within the next two years, when total wind capacity is expected to top 17GW.

With over 2GW sold, Vestas is estimated to have grabbed close to 50% of the 4-5GW that has been contracted in the regulated and non-regulated markets.

“Obtaining this certificate will allow our clients to tap the better financing conditions available to the most modern wind turbine in the Brazilian market,” said Rogério Zampronha, Vestas general manager for Latin America South.

Read Next

Japan MoU to spur 'Africa's first' wind, solar, storage hybrid

Windlab and Eurus Energy sign deal with Kenyan agencies to advance first-of-a-kind plant

02 Sep 07:56 GMT