17 minutes | Wednesday, 24 June 2026
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: