The Isle of Man is charting a course for wind and tidal energy supplies after picking its preferred partners for new projects.
Danish-owned DONG Energy is to develop an offshore wind farm within the 12-mile limit of the isle’s territorial sea.
Dutch tidal turbine makers at Tocardo Tidal Energy are partnering with locally registered firm Manx Tidal Energy.
Opportunities for the Isle of Man in renewable energy are “significant”, according to Laurence Skelly, the island’s Minister for Economic Development.
He said: “We estimate that leasing parts of the seabed within our waters to offshore wind and tidal developers will generate at least £5 million of revenue per year directly to Government, helping to fund public services as well as contributing to a lower carbon footprint.”