How Brexit Could Impact UK Ocean Energy

Impact of Brexit on the UK and European marine energy sector

Andrew Williams, 21 February 2017 (Maritime Journal)

“…Although the Brexit decision has certainly ruffled a lot of feathers amongst the political and media classes, early indications suggest that any potentially negative (or indeed positive) business and financial impacts have not yet been felt by the UK marine renewable energy sector…[at least partly because the sector is] flexible…[and partly because it is un likely] the UK would not want to exploit its sovereign resources and make the most of the opportunities this new technology offers…[I]nvestment in the British marine renewable energy sector [remains] strong…[though] there are some signs that the fall out of the Brexit saga is beginning to dent confidence amongst potential investors…[Sector leaders say] uncertainties relating to future funding and government investments in the marine energy sectors…[are a concern and the UK government now has a crucial role to play in] helping to avoid the prospect of the UK marine renewable energy sector slipping down the international league tables…” click here for more

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