The UK vote in favour of British Independence from the EU-block could delay the Moray Firth offshore wind energy project in Scotland owned by the renewables unit of Portugal’s Energias de Portugal (EDP).
EDP Chief Executive Antonio Mexia said that Britain’s Brexit vote last week has generated a lot of uncertainty that could complicate authorisation of the 1,116 MW, project to go ahead.
Mexia said: “There could be delays with the decision on the project in Scotland and about the launch of the tender. But we remain interested. We’ll just have to wait.”
EDP Renewables said that while the project has all the necessary permits to proceed to construction, it still requires a so-called Contract for Difference that sets the revenue stream from electricity sales.
Such contracts are auctioned by the British government, which has said that it expects to hold the auction at the end of this year.
Meanwhile, the ‘Guardian’ has published an article which says that Siemens is putting new wind power investment plans in the UK on hold due to uncertainty caused by last week’s Brexit vote for the UK to leave the EU-bloc.
Juergen Maier, Siemens’ UK chief executive, said that an existing blueprint to export offshore wind turbine machinery from its Hull hub was now up in the air.
He said: “Those plans were only beginning to happen and I expect that they will stall until we can work out exactly what the [new government’s] plan is, how we can participate in EU research programmes, and until all the issues around tariffs and trade have been sorted out.”
Siemens has 13 plants in the UK and employs about 14,000 people. It manufactures and exports high value goods including MRI scanners and gas turbines.