Orsted mythbusts Isle of Man windfarm
Category
🗞
NewsTranscript
00:00There's one myth you could bust in this little clip now, what would be the one that you wanted to do, sir?
00:06So one of them is, how much is this going to cost me?
00:09And, you know, it's perfectly reasonable that people think this looks like a really expensive piece of infrastructure.
00:15It's not, you know, it's not trivial, it's four and a half billion pounds perhaps.
00:18But that is a cost that comes entirely to the project company, to Austin and to the Moor Valley Project.
00:23It doesn't touch the Isle of Man's cost base at all.
00:28So it's been really helpful to be able to explain that to people.
00:31So in simple terms, it will not cost people anything, is this?
00:35No, we are spending our own money as a company to develop the project.
00:38We will spend our own money as Orsted to construct the project and to operate it.
00:44All we'd get is the revenue from selling the electricity.