The company behind a proposed wind farm in Manx waters says it could bring billions to the Island’s economy.
Ørsted says its proposed Mooir Vannin Offshore Wind Farm, planned for the east coast, could bring around £2 billion to the Isle of Man over 35 years.
It claims the farm would be fully funded by the company - with no investment or subsidy required from the Isle of Man Government, meaning no financial risk to taxpayers.
Ørsted says the £2 billion estimate is based on projected revenues, including payments to the Treasury from taxation and seabed rental.
Positive Health and Workplace Wellbeing Conference next month
It's A Level results day!
Popular Irish comedian coming to the Island this Autumn
Purr-fect rescue in Crosby as local tree surgeons save stranded Cat
Minister invites village residents to meeting to discuss her 20mph speed limit plans tomorrow
Noel Edmonds to kick off festivities at community garden party this weekend
Plans to refurbish WW2-era aircraft control tower
20mph limit pole in middle of the pavement dubbed "Haywood's Folly"
