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Other News

Siemens, Dong commit post-Brexit

UPDATE 2: Vattenfall sounds note of caution on increased risk
EBSBy EBSJune 24, 20162 Mins Read
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Green Port on track for Siemens

Wind heavy-hitters Dong and Siemens remain committed to the UK in the wake of the Brexit vote albeit both are seeking clarity on any implications and next steps.

Danish developer Dong said: “We don’t believe that UK energy policy is dependent on EU membership and we are confident that Dong Energy will continue to make an important contribution to provide UK homes with low carbon electricity supply in future.”

However it added: “Like many other businesses we will await clarity over the implications of the vote to leave the EU.”

Siemens said it “remains committed to its business in the UK” but called for swift action on the country’s new post-Brexit relationship with Europe.

A spokeswoman said: “As a global business with significant, long-term investments in the UK and high local value creation, Siemens is not so much exposed to negative effects that we might see.

“Nevertheless, the government must now move swiftly to unify and agree the nature of the UK’s relationship with the EU and other trading partners, creating clear roadmaps to encourage future investment.”

She said the referendum was “a decision for the British people and their view must be respected”.

The company added: “We have been active in the UK for more than 170 years with locations throughout the country. Today, we generate revenue of around €4bn and employ about 14,000 people. With 13 manufacturing sites, Siemens has a strong local footprint in the UK.”

Swedish utility developer Vattenfall, which is involved in onshore and offshore wind in the UK, sounded a more cautious note.

“We still want to grow in the UK, particularly in wind power, but clearly a significant change like an exit from the EU introduces more risk to the sector for an unforeseen period of time,” said a spokesman.

He added: “We aim to understand and assess that risk on an ongoing basis as we would with any policy or treaty change.”

Vattenfall nevertheless said the UK is a long-term play “thanks to a generally supportive energy policy framework, legally binding climate targets and strong market fundamentals”.



Image: the Green Port Hull facility in eastern England (Siemens) 





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