Benefits of the proposed Mooir Vannin Offshore Wind Farm
Over the last decade, all Isle of Man planning legislation, policy and strategic documents have supported the provision of renewable energy projects, including offshore wind development generally, and Ørsted’s proposed Mooir Vannin Offshore Wind Farm specifically, in playing a key role in meeting the Isle of Man’s transition to net-zero.
The Climate Change Act 2021 set legally binding carbon targets to reduce greenhouse gas emissions by 100% by 2050. This makes decarbonisation in the Isle of Man a legal requirement.
In order to achieve this, the Isle of Man must decarbonise its energy system, electrify heating, industry and transport.
Ørsted’s proposed Mooir Vannin Offshore Wind Farm will play a key role in meeting the Isle of Man’s critical strategic needs and provide numerous benefits to the island, including:
- Bringing power to island
Ørsted is actively working with Manx Utilities to bring green energy to Isle of Man residents, providing the Island with energy security and independence.
- Generating revenue for the Island
The Mooir Vannin Offshore Wind Farm is funded entirely by Ørsted. The project will require no direct investment or subsidy from the Manx taxpayer. Revenue from the wind farm will go directly to the Isle of Man Government through rental payments and taxation.
- Community investment
Ørsted has committed to launch and operate a Community Investment Fund for the Isle of Man. This fund would provide £1.5 million every year for the first 15 years of operation of the Mooir Vannin Offshore Wind Farm. With direct funding each year for projects, community causes and infrastructure on the Island, all Isle of Man residents will benefit from the fund which would be entirely funded by Ørsted and governed independently. Funding will start from the moment the wind farm becomes operational, with the earliest anticipated operational date during 2031.
- Jobs and skills
The offshore wind farm will lay the foundation for lasting economic investment by developing local skills and creating new jobs. It will create more than 30 full-time, skilled jobs with competitive pay in the Isle of Man once the project is operational. It is proposed that Ørsted will have an operations and maintenance base on the Island and Ørsted is in discussions with the Department of Infrastructure’s Harbours Division.