A wind energy project in Moray Firth could be delayed after Portugal’s Energias de Portugal (EDP) reconsiders its plans following the UK’s decision to leave the European Union. The company is one of a number with investors worried about future government incentives, exchange rates and export duties. Siemens also said it was reconsidering plans for an expansion of its planned manufacturing plant in the port of Hull. The result of the vote has made it more difficult for offshore wind investors, who are mainly international, to predict foreign exchange rates, an important factor as many of them buy equipment in euros. EDP Chief Executive Antonio Mexia said that a delay to the auction would have a knock-on effect for its Scottish project.
Energy Voice 2nd July 2016 read more »