Stephan Nielsen – Bloomberg, 8/13/2012
Four wind-turbine suppliers will re- qualify for cheap loans from Brazil’s development bank BNDES within three months as they start complying with local-content requirements.
Three of the companies will be eligible for low-cost loans within 40 days and a fourth within 90 days, Elbia Melo, executive president of Sao Paulo-based wind-industry trade group, Associacao Brasileira de Energia Eolica, said in a telephone interview.
Melo received the information from BNDES, which accused Vestas Wind Systems A/S (VWS), Suzlon Energy Ltd. (SUEL), Siemens AG (SIE), Acciona SA (ANA) and Fuhrlaender AG of not getting at least 40 percent of their parts from local suppliers following an audit in June. The bank didn’t identify to Melo which of the companies would regain financing.