Brazil Tax Exemption Removal Curbs Wobben’s Wind Turbine Orders
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Enercon GmbH’s Wobben Windpower is losing contracts in Brazil after tax authorities canceled some exemptions for wind turbine manufacturers in the country, an official said.
The Brazil unit of Germany’s Enercon had a single customer so far this year, Mathias Moser, a vice president of Wobben, said in an interview yesterday in Rio de Janeiro. The company had considered leaving South America’s fastest-growing market after Brazilian tax authorities in April removed a tax incentive and required turbine makers such as Wobben, Spain’s Gamesa Corp., Tecnologica SA and Denmark’s Vestas Wind Systems A/S to pay back taxes for the exemption.