Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said on Tuesday it has achieved compliance with the local content rules set by the Brazilian development bank, known as BNDES.
As a result, Vestas will now have access to the bank’s special credit lines. In late 2012, the bank introduced a new method for the licensing and verification of the local content of wind turbines manufactured in Brazil, requiring project developers that seek financing from the bank to comply with stricter local content rules. Vestas then left the eligible equipment list.
Under a plan agreed with BNDES in June 2014, the company will localise 70% of hub and nacelle manufacturing for its V110-2.0 MW wind turbine at its new factory in Aquiraz, Ceara state. Aeris will produce the blades, while ABB will make the generators for the specific model.
“Our V110-2.0 MW platform turbines are very well-suited for Brazilian wind conditions, and the FINAME II accreditation will allow Vestas’ customers to leverage BNDES’ attractive financing”, said Marco Graziano, president of Vestas Mediterranean.
Since 2000, when it first entered the Brazilian market, Vestas has delivered some 713 MW of total installed capacity and announced firm and unconditional orders of about 1 GW, it said.