Leasing parts of the Island’s seabed to energy companies could generate millions of pounds in revenue for the Manx government.
Last year Tynwald gave approval for government to look at the opportunities which could take place in our territorial waters.
Now companies have been invited to submit their ideas for offshore energy production including wind and tidal power.
Government says the potential return from an offshore wind farm could be at least £5 million.
Dr Ken Milne is senior manager for energy policy – he says the positive benefits are far reaching:
Road closures for Manx Motor Racing Club from next week
Dinner event raises over £3,600 for brain tumour charity
Man admits to assaulting police officer before Court
Ramsey's Roisin in the semi-finals of BBC One show
Help needed to care for birds at Nobles Hospital's aviary
Nearly two tonnes of meat thrown away so far this month at meat plant
ITV show featuring Samantha Barks won't return for second series
Douglas man who assaulted victim in own garden appears in Court
