ANNOUNCEMENT 06 May 2015

On 6 May 2015, the Brazilian Development Bank (BNDES) announced to support ten wind power projects with 773.2 million real (USD 251 million). The total investment amounts to 1.2 billion real (USD 390 million). The financing for these farms entails the condition to source part of the construction inputs from Brazil.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



BNDES, 6 May 2015, 'BNDES aprova R$ 773,2 milh?es para constru??o de 10 parques e?licos no Nordeste', press release: http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2015/Energia/20150506_eolicas.html

BNDES, methodology for financing of wind turbines 'anexo 1 - etapas f?sicas e conte?do local que dever?o ser cumpridos pelo fabricante': http://www.bndes.gov.br/SiteBNDES/export/sites/default/bndes_pt/Galerias/Arquivos/produtos/download/credenciamento_aerogeradores_anexo1.pdf


Inception date: 06 May 2015 | Removal date: 04 Jan 2016
Still in force

State loan

The BNDES loans are dedicated to two projects. First, 621.2 million real (USD 202 million) are reserved for seven wind parks by Ventos de Săo Tito Holding S.A. in the municipality Simőes in the state of Piauí. The credit also includes the financing of electric transmissions systems as well as social projects. The wind parks are scheduled to be operational by the second half of 2015 and going to consist of 105 wind turbines provided by the Spanish producer Gamesa. Second, 152 million real (USD 49 million) are allocated to three wind parks in Caetité in the state of Bahia. The grant is also going to finance 32 wind turbines produced by General Eletric as well as electric transmissions systems and social projects. The wind farms represent Special Purpose Entities controlled by Grupo Rio Energy.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
271600 730820 730830 730840 730890 731811 731812 731814 731815 731816 731819 731821 731822 731823 731824 731829 741533 741539 761610 761699 780110 780191 840211 840212 840219 840220 840290 841090 841210 841221 841229 841231 841239 841280 841290 842810 842820 842831 842832 842833 842839 842840 842890 845710 845720 845730 848210 848220 848230 848240 848250 848280 848291 848299 848310 848320 848330 848340 848350 848360 848390 850110 850120 850131 850132 850133 850134 850140 850151 850152 850153 850161 850162 850163 850164 850300 850410 850421 850423 850431 850432 850433 850434 850440 850450 850490 850511 850519 850520 850590 853010 853080 853090 853110 853120 853180 853190 853710 853720 854411 854419 854420 854430 854442 854449 854460 854470 880310 880320 880330 880390 901510 901520 901530 901580 901590
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Inception date: 06 May 2015 | Removal date: 04 Jan 2016
Still in force

Local sourcing

In the windfarm projects with a total financing volume of USD 251 million, the Brazilian Development Bank imposes strict local content requirements on the production of wind turbines, e.g., towers and blades (at least 60%) and some parts of the rotor and the nacelle. Besides this, the bank provides credits with below-market interest rates only to legal persons (private or public) based in Brazil.
 
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271600 730820 730830 730840 730890 731811 731812 731814 731815 731816 731819 731821 731822 731823 731824 731829 741533 741539 761610 761699 780110 780191 840211 840212 840219 840220 840290 841090 841210 841221 841229 841231 841239 841280 841290 842810 842820 842831 842832 842833 842839 842840 842890 845710 845720 845730 848210 848220 848230 848240 848250 848280 848291 848299 848310 848320 848330 848340 848350 848360 848390 850110 850120 850131 850132 850133 850134 850140 850151 850152 850153 850161 850162 850163 850164 850300 850410 850421 850423 850431 850432 850433 850434 850440 850450 850490 850511 850519 850520 850590 853010 853080 853090 853110 853120 853180 853190 853710 853720 854411 854419 854420 854430 854442 854449 854460 854470 880310 880320 880330 880390 901510 901520 901530 901580 901590
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