IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 29 Jan 2020 | Removal date: open ended

Local sourcing

The finance conditions of the BNDES for energy projects establish concrete local content requirements. In terms of wind power, the development bank establishes the following requirement from which at least three must be fulfilled:

  • At least 70% of the towers have to be manufactured in Brazil;
  • Manufacture of the Spades in Brazil;
  • Assembly of the cube in Brazil with the casting of local origin; and/or
  • Assembly of the wind turbine in Brazil.

Departing from the above mentioned, it can be concluded that the BRL 1 billion loan (circa USD 237 million at the time of the announcement) allocated to EDP Group is subject to local content requirements.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

429 Other fabricated metal products
7326 Other articles of iron or steel.
732690 Other
461 Electric motors, generators & transformers; parts
8502 Electric generating sets and rotary converters.
850231 Windpowered
8503 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
850300 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.

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