Global Trade Alert
Global Trade Alert

Brazil: BNDES provides loan to WEG Equipamentos Elétricos SA for the development of a new wind turbine

Announcement

11 May 2023

In May 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved BRL 59 million (USD 11.9 million) loan in favour of WEG Equipamentos Elétricos SA

 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

11 May 2023

Revocation date:

No revocation date

Updated: 11 May 2023
Local content incentive In force
The BRL 59 million (USD 11.9 million) loan granted on 11 May 2023 to WEG Equipamentos Elétricos SA represents an energy project to the National Bank for Economic and Social Development of Brazil (BNDE...
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Updated: 11 May 2023
State loan In force
On 11 May 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) provided a BRL 59 million (USD 11.9 million) loan to WEG Equipamentos Elétricos SA. The beneficiar...
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