The optoelectronic properties induced by oxygen vacancy defects in MgO(111) monolayers have been studied using hybrid level of DFT method. HSE calculations shows significant reduction in electronic band gap of MgO monolayer as a result of introduction of oxygen vacancies. The pristine monolayer has a wide band gap (4.84 eV, indirect) semiconducting behaviour, which changes gap to 2.97 eV (indirect) and 2.28 eV (direct) with increment in oxygen vacancy defect concentration of 6.25% and 12.5%, respectively. Consequently, presence of oxygen vacancies leads to energy red shift of the observed optical phenomena with reference to the pristine monolayer. Most importantly, the divacancy system with two consecutive vacancy sites displays the strongest optical absorption and also becomes optically responsive over the spectral range from visible to ultraviolet region in the electromagnetic spectrum. Thus creation of oxygen vancancies in MgO monolayers may be a fruitful technique for achieving a suitable solar energy material.