Mooir Vannin means more opportunities for Isle of Man businesses

This is a paid for promotion on behalf of Ørsted

Ørsted’s proposed Moor Vannin Offshore Wind Farm would create long-term economic activity to bring benefits to Isle of Man businesses well beyond the construction phase.

How would Isle of Man firms benefit from Ørsted’s local supply chain?

Behind all of Ørsted’s wind farms is a network of suppliers that make each project possible. Many of our partners in the UK are now taking that expertise global – so Mooir Vannin would be a gateway to similar opportunities for Isle of Man businesses too.

To give an idea of the scale of our current UK supply chain, over the last five years we’ve signed major contracts with 255 UK companies, and more than half have worked with us on two or more contracts. That matters because strong supply chains aren’t built transaction by transaction. They’re built through long-term partnerships, shared experience, and trust.

Nearly 30% of the companies in our latest UK supply chain map (shown below) have supported Ørsted projects outside the UK, with many developing their capabilities by working on some of our early UK offshore wind projects before expanding globally.

These are positive outcomes resulting from many years of building business relationships with suppliers from across the UK who have helped to deliver these significant infrastructure projects. This has increased economic value to the UK through technical innovation, job creation, exports and local investment.

Our suppliers are key to every stage of what we do – from developing and building wind farms to operating them safely and efficiently. Some companies start as a supplier for one of our projects and then go on to support others. Each new project opens the door to opportunities for local businesses, so Mooir Vannin would offer the chance for Isle of Man firms to join Ørsted’s supply chain.

OK, can you provide an example?

Yes, BGB Scaffolding Ltd, a business based in North Wales, is an example which shows how local, regional partnerships can be a gateway to international growth. BGB Scaffolding Ltd are specialists in marine and offshore scaffolding and access solutions for the global offshore wind sector.Access solutions include scaffolding, rope access and drone surveys. BGB have been working alongside Ørsted since 2017 and continue to do so by supporting both construction and operational phases of projects. Working with Ørsted in the UK has created a pathway to global growth too. BGB began by supporting UK offshore wind projects (Walney Extension, Hornsea 1 & 2) but now they also work on projects in Taiwan and the USA. To support this global growth, BGB set up an office in Providence, USA, and also operate in Taiwan.

What wider benefits do Ørsted’s offshore wind farms bring to coastal communities?

UK offshore wind farms are revitalising coastal communities by stimulating long-term industrial investment. Mooir Vannin could do the same for the Isle of Man because it would deliver financial benefits in the region of £2 billion from seabed rental and taxation revenues paid directly to Isle of Man Treasury, plus a £22.5 million Community Investment Fund. Ørsted has also put forward two options for the Island to receive green energy from Mooir Vannin that could provide the backbone for the Isle of Man’s future electricity needs.

What about new jobs, training & skills opportunities?

Mooir Vannin would create opportunities for local businesses across the project lifecycle by:

• Long-term opportunities by creating new long-term, skilled, jobs through an Operations & Maintenance base on the Island.
• Supporting the STEM (Science, Technology, Engineering & Maths) skills development for offshore wind and other key business sectors across the Island. For example, in the Humber region our investments and partnerships in University Technical Colleges are important steps to help young people be work ready through specific training to fill regional talent gaps.

To meet the UK’s renewable energy targets, according to the UK Offshore Wind Workforce Report, it is expected that between 75,000 and 94,000 workers will be required in the offshore wind sector by 2030, requiring extensive job training and opportunity. This gives an indication of the scale of new career opportunities now, and for future growth in the industry.

Click here to find out more about Ørsted’s UK offshore wind supply chain, and here for a Humber region case study with videos about supply chains and careers.  

For Mooir Vannin news and information, go to orsted.im or follow Ørsted on LinkedIn and Instagram.