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ANNOUNCEMENT 13 Dec 2012
In December 2012, the government of Brazil announced a change in the required local inputs to serve domestic customers.NUMBER OF INTERVENTIONS
1
SOURCE
Bloomberg, 13 December 2012, 'BNDES Raises Local-Content Requirement for Brazil Wind Turbines': http://www.bloomberg.com/news/2012-12-13/bndes-raises-local-content-requirement-for-brazil-wind-turbines.html
Reuters Brazil, news item of 13 December 2012 (in Portuguese): http://br.reuters.com/article/businessNews/idBRSPE8BC05F20121213
BNDES document on detailed steps for the fulfillment of the local content requirements (in Portuguese): http://www.bndes.gov.br/SiteBNDES/export/sites/default/bndes_pt/Galerias/Arquivos/produtos/download/credenciamento_aerogeradores_metodologia.pdf
BNDES, news item of 30 January 2014 (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Destaques_Primeira_Pagina/20140130_aerogeradores.html
Colby, Seth. (2012). Explaining the BNDES: what it is, what it does and how it works. CEBRI Artigos, Volume 3, Ano VII, p. 6: http://www.cebri.org/portal/publicacoes/cebri-artigos/explaining-the-bndes
BNDES, Condi??es espec?ficas: http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Apoio_Financeiro/clientes.html
BDNES, Itens pass?veis de apoio condicionado: http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Apoio_Financeiro/itens_apoio.html
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.