The European wind industry group said Brexit – and what could be three or more years of policy uncertainty in its wake – is likely to raise the cost of capital and project costs.
“The UK Parliament has said a +2% risk premium would increase the cost of financing offshore wind by £3bn ($3.9bn) a year,” said WindEurope, as it gave its initial assessment of the referendum vote – with the caveat that the full impact and implications “are impossible to assess properly at this stage”.
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