New rules being discussed by Tynwald next month could see floating wind turbines added to the Island's ship registry in future.
When the court sits in June, Enterprise Minister Tim Johnston will ask members to back changes to the Railways and Transport Safety Act 2003.
The update would mean mobile offshore renewable units could be added to the ship register in the same way as conventional vessels.
It would mean the Isle of Man could take advantage of a growth in offshore wind turbines, floating tidal generators and floating offshore substations.
Economic crime talk later this month
Last chance for this year's income tax returns!
More than 400 cyber-threats reported in two months
FlexyStaff Launches on the Isle of Man, giving local businesses and workers a better way to fill shifts.
Praase announces new home in the south of the Island
CyberIsle returns to Santon next month
Santon to host sustainable finance event
Digital Isle of Man set for SBC Summit in Lisbon
