IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Aug 2016 | Removal date: open ended
Still in force

Trade finance

The export credit worth 160.3 million USD will be financed jointly by the KfW IPEX-Bank and the private bank Helaba, and will be paid out in three tranches. Furthermore, part of the export credit will be covered by a financial export credit guarantee within the Hermes programme.

The wind farm will be located in Cuchilla de Peralta in the department of Tacuarembó and its 50 wind turbines will produce 117.5 MW. The plant will be operated by ENERCON which has signed a 20-year deal with the national energy supplier Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE).

A member of the KfW board was quoted in the press release saying "German and European wind technology is in demand internationally. This is a great opportunity ‒ both for manufacturers and the environment. As a bank, we do our part in helping ideas and projects take concrete shape".

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850231 Windpowered

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