Mr. Gary Tobin:

We also looked at what is happening in the US, particularly in California. The authorities there are examining offshore wind development and stipulating local requirements for staffing and companies. The advice we have received is that this in itself may inhibit the development of their offshore wind industry. They may even have a requirement that every single person who operates on a vessel to construct the turbines has to be an American citizen. Some of the local content requirements sound very attractive but when you look into them, you find there is excess demand for offshore wind and that countries all around the world are seeking to develop an offshore wind industry. Some of the big manufacturers of turbines can literally pick and choose the countries to focus on and in which to develop. Right now, they are interested in Ireland because it has a maritime sea area seven times the size of its land area and high wind speeds, but it would not take much in terms of policy missteps to say Ireland is too difficult and that they will go somewhere else.