Danish firm announced outcome of a global portfolio review today
The company behind the Isle of Man's first potential offshore wind farm says the project is 'going ahead as planned'.
Questions were raised earlier today (7 February) after Ørsted announced the outcome of a global portfolio review.
The Danish firm is to axe hundreds of jobs, exit several offshore wind markets (Spain, Portugal and Norway) and pause its dividend payments to shareholders - in an attempt to recover from a chaotic 12 months.
Development Director John Galloway said they're still on track to submit a planning application to the Isle of Man Government in 2025.
In a statement he said: "At Ørsted this week we announced the outcome of a global portfolio review and the Mooir Vannin Offshore Wind Farm here in the Isle of Man is continuing as planned.
"We will be carrying out extensive seabed survey work this spring and hosting public consultation events this summer with a view to submitting our planning application to the Isle of Man Government in 2025.”