Global Trade Alert
Global Trade Alert

Germany: Export Credit Agency and KfW IPEX-Bank support Nordex Energy in export of wind turbines to Türkiye

Announcement

22 Apr 2024

In April 2024, KfW IPEX-Bank announced providing financing to support the export of wind turbines by German wind turbine manufacturer Nordex Energy to Türkiye. The loan is covered by a guarantee from the German Export Credit Agency Euler Hermes Aktiengesellschaft.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

22 Apr 2024

Revocation date:

No revocation date

Updated: 22 Apr 2024
Local value added incentive In force

The German Export Credit Agency's approval process depends on the percentage of foreign-sourced goods included in the value of the export contract. Export contracts which include a foreign content ...

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Implementation date

22 Apr 2024

Revocation date:

No revocation date

Updated: 22 Apr 2024
Trade finance In force

On 22 April 2024, the KfW IPEX-Bank announced providing financing worth EUR 28 million (USD 29.8 million) to Beres Elektrik's onshore wind farm in Bitlis, Türkiye. The measure will support the expo...

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