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Manannan Energy

The Opportunity

Benefits for the Isle of Man

Bringing renewable energy to the Isle of Man and its community provides a number of unique benefits.

Achieves climate change goals quickly

Security of supply and self sufficiency for the Island

Creates a potential income stream from exporting surplus energy

Attracting and retaining business where green energy is a requirement

Stabilises energy costs for consumers and businesses

Large number of direct and indirect employment opportunities

Revenue stays on Island – Manannan Energy is Manx owned and operated

Isle of Man Legislative Landscape

The Isle of Man currently meets its energy requirements by means of a gas pipeline and a two way AC interconnector connection with the UK.

With the exception of a 1MW hydro system, there is currently very little renewable energy generation on the Island.

The 80MW CCGT located at Pulrose supplies the majority of the Island’s power, with the interconnector providing resilience and a source of revenue from excess power generation. This leaves the Manx people dependent on the turbulent energy markets driving the cost and creating uncertainty, this is of increasing concern to the MUA, Tynwald and consumers.

With 84% of our electricity is being generated by imported fossil fuels, the Island has to make significant a change to carbon neutral electricity to meet its carbon emission obligations under the Climate Change Act. Under this act the Island is committed to achieving net zero by 2050. An interim target of a 45% reduction by 2035 was agreed in March 2022 with an interim target of a 35% reduction by 2030.

 

 

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