Siemens Halts Plan to Export Wind Turbines From U.K.
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Siemens AG will freeze new wind power investment plans in the U.K. until it has further clarity on the U.K.’s future trade relationship with the European Union, a spokeswoman for the company said.
Europe’s largest engineering company agreed in 2014 to invest 160 million pounds ($215 million) in a blade factory in Hull, to supply parts for its 7-megawatt offshore wind turbine.