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Siemens Freezes New UK Wind Power Investment Following Brexit Vote

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Arthur Neslen, The Guardian

Siemens is putting new wind power investment plans in the UK on hold due to uncertainty caused by last week’s Brexit vote, the German energy company has told the Guardian.

A £310m manufacturing hub in Hull that employs 1,000 people will not be affected by the decision, and should still begin producing blades and assembling turbines next year.

But Siemens, one of the few firms to openly back a Remain vote, will not be making new investments until the future of the UK’s relationship with Europe becomes clearer.

Juergen Maier, the firm’s UK CEO, said that an existing blueprint to export offshore wind turbine machinery from the Hull hub was now up in the air.

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