Siemens has chosen to freeze its UK wind power operations following the vote to leave the European Union — and plans to keep them frozen until future trading arrangements are clarified.
The company was due to open a £310 million turbine manufacturing hub in Hull next year, which it has said will still go ahead.
However, Europe’s largest engineering firm wants greater certainty with regards to the future of exports before it will continue investment in the UK.
“We are 100 percent committed to our investment in Hull and the 1,000 new jobs” said Juergen Maier, CEO of Siemens UK.
“We have already hired 300 there. So far, Hull is primarily focused on the domestic market. However, if we and very importantly a much wider offshore industry located in the Humber, want to export in the longer term, we need to understand what the arrangements, such as for export and EU funded R&D, are between the UK and the EU.”
The Guardian has reported that Denmark’s Dong Energy, the biggest investor in UK offshore wind, does not “believe that UK energy policy is dependent on EU membership”.
Regardless of differing beliefs on the impact of 'Brexit', Siemens’ Head of External Communications, Anne Keogh, has urged the UK to move swiftly to agree the nature of its relationship with the EU and other trading partners.
Image courtesy of Siemens.