Gamesa Says It Meets Brazilian Rules for Local Manufacturing
Stock Chart for Gamesa Corp Tecnologica SA (GAM)
Gamesa Corp. Tecnologica SA, Spain’s biggest wind turbine maker, said it meets Brazil’s rules for local manufacturing, enabling projects using its machines to get funds from the Banco Nacional de Desarrollo Economico & Social.
Gamesa has a nacelle and hub assembly plant in Camacari, Bahia state, and its work with local suppliers of towers and blades led BNDES to certify that the Zamudio-based manufacturer meets the new requirements, the company said today in an e-mailed statement.
“Brazil is one of our priority markets for the short and medium term,” Edgard Corrochano, Gamesa’s regional director, said in the statement. “Our strategy for consolidating the company as one of the leading turbine makers in Brazil is underpinned by the combination of our global technological prowess with local know-how.”
Under the rules introduced four months ago, Brazil requires gradually higher proportions of locally produced parts to be included in wind turbines between now and 2016, according to Gamesa. Initial certification required production of at least three of the following four parts to be made in Brazil: the tower, the blades, the hub and the nacelle. The rules will be tightened every six months, Gamesa said.
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