Investors cast doubt on electric cables between the UK and the EU

The UK's departure from the European Union could mean that several planned submarine cables to European countries face an uncertain future.

Photo: Scira

It could prove even more difficult to defend the economics for the planned submarine cables between the UK and several European nations when the UK leaves the European Union, writes British newspaper Financial Times, after speaking with numerous sources from the companies behind the coming cables.

The concern among investors is about whether or not the UK will be kicked out of the EU's internal market for energy, and if this means that new tariffs and other trade barriers will be set up on electricity imports.

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