Global Trade Alert
Global Trade Alert

Brazil: BNDES and WEG sign loan to renovate and build a factory for battery energy storage systems in Itajaí

Announcement

04 Feb 2026

In February 2026, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) approved a loan with WEG.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

04 Feb 2026

Revocation date:

No revocation date

Updated: 06 Feb 2026
State loan In force
On 4 February 2026, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) and WEG signed a BRL 280 million (USD 53.4 million) loan. The loan will finance the renovation...
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Updated: 06 Feb 2026
Local content incentive In force
The BNDES More Innovation credit line is subject to local content incentives. As such, so is the BRL 280 million (USD 53.4 million) loan to WEG, granted on 4 February 2026 by the National Bank for Eco...
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