+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

GE Completes Domestic Compliance for Solar and Wind Inverters in Brazil

News

The renewable energy sector in Brazil has high expectations for growth in the coming years. By 2024, solar power will account for 4 percent of Brazil's energy matrix, and wind power will be the second-largest energy source by 2020, accounting for 12 percent of production. Following this trend, GE's Power Conversion business (NYSE: GE) has just completed domestic content compliance for its solar and wind inverters"”the LV5 and DTA CFI lines, respectively"”following the rules set out by Brazil's state-owned development bank, BNDES, regarding how much of the equipment is manufactured in Brazil. This means that Brazilian clients can get BNDES credit at more attractive interest rates.

"We're very proud to announce that two new GE technologies in renewable energy comply with domestic manufacturing requirements. This shows the company's commitment to providing high-tech solutions with excellent finance conditions for Brazilian clients," says Sérgio Zuquim, commercial director of GE's Power Conversion business for Latin America.

Following the GE Store concept"”offering a complete solution for clients through different businesses owned by the company"”compliance with BNDES requirements by wind frequency inverters, which are installed inside wind turbines, met a specific demand from GE's wind division, which took an active part in the entire process.

"Based on compliance for domestically produced content for this specific technology for GE Wind, we will be able to do the same for other equipment, according to market demand, as we are contributing to the consolidation of an emerging supply chain," explains Zuquim.

Solar frequency inverters are universal devices that can be sold to any clients who are building or planning to build solar plants, not only in Brazil but also in other parts of the world, serving the market's needs for at least 10 years.

"GE has been pioneering 1,500-volt LV5 solar inverters that bring high cost-effectiveness to utility solar farms. Since the launch of its 1,500-volt inverters in 2014, GE has delivered more than 1 gigaweatt and accumulated a further 4 gigawatts in backlog globally. Now that the inverters have obtained BNDES accreditation, it opens the avenue for us to continue to deliver value also to Brazilian customers and local solar farms," adds Zuquim. 

GE has already complied similarly in its various divisions, such as Aviation, Transportation, Healthcare and Wind.

"The whole process was conducted using GE's expertise in the area. In addition to meeting clients' needs, we are contributing to the growth of the energy sector as a whole, as we are developing the local supply chain," concludes Zuquim.

Purdue, imec, Indiana announce partnership
Resilinc partners with SEMI on supply chain resilience
NIO and NXP collaborate on 4D imaging radar deployment
Panasonic Industry digitally transforms with Blue Yonder
Global semiconductor sales decrease 8.7%
MIT engineers “grow” atomically thin transistors on top of computer chips
Keysight joins TSMC Open Innovation Platform 3DFabric Alliance
Leti Innovation Days to explore microelectronics’ transformational role
Quantum expansion
indie launches 'breakthrough' 120 GHz radar transceiver
Wafer fab equipment - facing uncertain times?
Renesas expands focus on India
Neuralink selects Takano Wafer Particle Measurement System
Micron reveals committee members
Avoiding unscheduled downtime in with Preventive Vacuum Service
NFC chip market size to surpass US$ 7.6 billion
Fujifilm breaks ground on new €30 million European expansion
Fraunhofer IIS/EAS selects Achronix embedded FPGAs
Siemens announces certifications for TSMC’s latest processes
EU Chips Act triggers further €7.4bn investment
ASE recognised for excellence by Texas Instruments
Atomera signs license agreement with STMicroelectronics
Gartner forecasts worldwide semiconductor revenue to decline 11% in 2023
CHIPS for America outlines vision for the National Semiconductor Technology Center
TSMC showcases new technology developments
Alphawave Semi showcases 3nm connectivity solutions
Greene Tweed to open new facility in Korea
Infineon enables next-generation automotive E/E architectures
Global AFM market to reach $861.5 million
Cepton expands proprietary chipset
Semtech adds two industry veterans to board of directors
Specialty gas expansion
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: