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Far sighted planning likely to make Isle of Man a renewable energy hub

Isle of Man takes next step in becoming a renewable energy hubby ClickGreen staff. Published Mon 03 Feb 2014 The Isle of Man Government has taken a further step towards exploring the opportunities for generation of offshore wind and tidal energy and is now inviting expressions of interest from parties seeking to develop offshore energy production in Isle of Man territorial seas.
The Manx Government wants to harness the green potential of the island’s unique position to attract a new era of clean energy generation and export 10 times as much low-carbon electricity to the UK as the entire island consumes in a year.

And a decision 20 years ago to surrender its share of UK’s fossil fuel revenues in return for its territorial waters looks like a multi-million pound wager that is destined to pay off.

A gamble that may have appeared madness at the height of the scramble for oil and gas now looks a remarkable crystal-ball policy call as the independent crown dependency prepares to lease off small areas of its seabed for massive returns……
“The potential return to the Isle of Man from large offshore wind farms could be worth £5M per year from leasing the seabed in our territorial sea.

“All the infrastructure costs involved in building and installing the wind farms would be borne by the developer, not the Isle of Man Government……

Cathryn Hooper of Source Low Carbon said: “Source Low Carbon is delighted to have been selected by the Isle of Man Government as its marine renewable energy advisor.

“We look forward to applying our experience of the offshore wind market and our understanding of development issues in the UK and more specifically in the Irish Sea to help promote a successful licensing process and deliver jobs and inward investment to the Isle of Man economy.” http://www.clickgreen.org.uk/news/national-news/124169-isle-of-man-takes-next-step-in-becoming-a-renewable-energy-hub.html

February 4, 2014 - Posted by | Uncategorized

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