Manx Natural Resources has approached government with the proposal
The man at the centre of the row over unauthorised loans 20 years ago has approached the Isle of Man Government with a £200m turbine and hydro pumping scheme.
Mike Proffitt has unveiled plans for a wind farm at Snuff the Wind, which he says would allow the Isle of Man to stop using electricity generated from fossil fuels altogether.
Mr Proffitt resigned from his position as Chief Executive of the Manx Electricity Authority following a loans scandal that left the organisation £120m in debt.
Now the Executive Chairman to Manx Natural Resources Limited, Mr Proffitt says the firm can help the Island meet its climate change targets: