IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Dec 2012 | Removal date: 12 Jul 2016
Still in force

Local sourcing

On 13 December 2012, Brazil's Development Bank (BNDES) raised the local content requirement for the issuance of loans for wind turbine manufacturers to 60%. The BNDES has set out five stages until 1 January 2016 with a gradual increase of local content requirements to the new level. The products trageted by this measure are the four main elements of wind turbines: blades, cubes, nacelles and towers.
 
On 30 January 2014, BNDES decided to prolong the above mentioned five stage process until 1 July 2016.
 
The Brazilian Development Bank provides credits with below-market interest rates to legal persons (private or public) with headquarters and administrations in Brazil.In the case of companies with headquarters abroad, majorityshareholders (private or public) need to have residence in Brazil. Besides this, the bank imposes local content requirementson goods (mainly capital goods), services and software. However, itmakes exceptions when there is no national production of those goods.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850211 Of an output not exceeding 75 kVA
850212 Of an output exceeding 75 kVA but not exceeding 375 kVA
850213 Of an output exceeding 375 kVA
850220 Generating sets with sparkignition internal combustion piston engines
850231 Windpowered
850239 Other

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