Haven Power

Brexit impact on renewables investment should not be overplayed, says Leibreich

Brexit impact on renewables investment should not be overplayed, says Leibreich


 

The chair of Bloomberg New Energy Finance (BNEF) has played down concerns about the impact that a vote to leave the EU could have on UK renewables investment. In comments reported by sustainability website Edie on Tuesday 10 May, Michael Leibreich said it was “convenient” to cite Brexit as a potential cause of investor uncertainty, but that there were “a lot of factors at play” during a period in which the UK’s renewables support mechanisms are being re-calibrated. He said: “I suspect that, whatever the outcome is on 23 June, we'll probably see a reduction of uncertainty shortly afterwards… but there are so many other factors that play into this that I wouldn't overplay the whole Brexit story.”