5 WAYS BREXIT COULD CHANGE THE UK ENERGY SECTOR

While companies who have already invested in UK energy infrastructure have promised to follow through with their commitments , investments in the sector will inevitably slow . France ’ s EDF , who is building the Hinkley Point nuclear project , and Germany ’ s Siemens , who is putting the finishing touches on a wind turbine manufacturing hub in Hull , have both promised to see their respective projects through to completion .

However , Siemens has frozen new wind power investment in the UK and the European Investment Bank ( EIB ), which has provided Britain with £ 42 billion of low cost loans for green energy infrastructure in the past decade , has said there was “ clear uncertainty ” for the prospect of future loans .

Peter Munro , Head of Investor Relations for the EIB , told Bloomberg in February : “ If you ’ re not a shareholder or you ’ re not part of the EU , you

23