BNDES approves Alstom on local sourcing

BRAZIL: Brazil's National Development bank (BNDES) has approved French industrial equipment manufacturer Alstom under its new local content rules for wind turbines.

Alstom's ECO100 turbine
Alstom's ECO100 turbine

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The other manufacturers approved are Impsa and Gamesa. BNDES is a state-controlled bank under the wings of the industry ministry.

The new rules require three major components — out of blades, towers, hubs and nacelles — to be made in Brazil .In 2012, BNDES tightened the rules for local content requirements for project finance

The access to Finame financing is considered essential for turbine manufacturers to offer equipment at competitive prices for wind developers in Brazil, which has one of the world's lowest wind power prices at around $60/MWh.

Speaking to Windpower Monthly shortly after Alstom won a 1.2GW Brazilian tender, the French company's senior vice president, Alfonso Faubel, said of the local sourcing requirements: "They are the rules of the game. Alstom has been in Brazil for 55 years and we expanded our portfolio by bringing in wind.

"We're familiar with how those rules work, and we've been obeying them in transport and hydro. But it's a challenge too, because there's not a second-tier supplier base to work with."

Brazil currently has 2.4GW of wind installed capacity, which is set to top 8GW by 2016.

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