Offshore windfarm developers say it could lead to 10-15% reduction in electricity bills on-Island
The developers behind the proposed windfarm off the Isle of Man's east coast say it's a 'once in a lifetime opportunity'.
Ørsted is hoping to build 87 wind turbines off the east coast of the Island.
At the moment, an independent panel is examining its application, and will ultimately give a recommendation to the Council of Ministers.
Now though, Ørsted is reiterating its commitment to bring some of the power generated to the Isle of Man, if the project gets approval.
It's estimating that, as a result, properties on the Island could see reductions in electricity bills of around 10% to 15%, and £2 billion of revenue in taxation and rent could be generated by the Manx government.
But how exactly has the company worked that out?
Mooir Vannin Project Director, Jamie Baldwin, has been telling Amy Griffiths:
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