Brazil Wind-Farm Development May Halt in 15 Days, Abeeolica Says
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Wind-farm developers in Brazil may be forced to halt construction on some projects within 15 days because the state development bank BNDES is freezing financing for turbines purchased from suppliers it claims aren’t meeting local-content requirements.
Without loans from Brazil’s biggest wind-farm financier, developers are unable to pay for equipment they’ve already agreed to buy, Elbia Melo, executive president of the Sao Paulo-based wind-energy trade group Associacao Brasileira de Energia Eolica, said today in a telephone interview.