Visit for the latest on our upcoming conferences and webcasts



Vestas invests EUR 32 million in Brazil operations

BRAZIL: Vestas will increase its manufacturing footprint in Brazil in a bid to meet the country's local content requirements.

Vestas is investing heavily in Brazil to meet local content requirements
Vestas is investing heavily in Brazil to meet local content requirements

Vestas will invest EUR 32 million in the country's manufacturing operations with the aim to produce more than 400MW a year.

The Danish manufacturer will focus 70% of its hub and nacelle manufacturing for its 2MW turbines at the plant in Fortaleza, north-east Brazil. Blade and tower manufacturing operations will also be locally sourced, the company said.

Vestas believes the move will create up to 300 jobs and help the company increase the potential to export components to other countries in Latin America.

Brazil's national development bank BNDES requires three major turbine components — out of blades, towers, hubs and nacelles — to be made in Brazil in order to qualify for state finance.

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

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs