Mr. John Fitzgerald:

No. Floating offshore is coming. The point of production costs on the west coast will be the lowest in the world. The east coast will not be as good because the wind regime is not as strong, but it will be closer to demand centres. Onshore has lower costs again. I will provide a number for the committee to take away. In France, there was an auction for offshore wind where €44 per MWh was the strike price. In Germany, €60 per MWh is the strike price for onshore wind. Offshore has proven cheaper because of scale, in that one can go big and get economies of scale that cannot be got in an onshore environment. The largest offshore wind farm in Ireland is 150 MW, but the typical offshore wind farm is 1 GW.