Hon Dr MEGAN WOODS: In the last few months, we've seen interest from a number of potential independent generation partners looking to invest in offshore wind generation. Yesterday, the New Zealand Superannuation Fund and Copenhagen Infrastructure Partners announced feasibility work into a massive wind energy development offshore in the South Taranaki Bight. The project is initially planned to deliver 1 gigawatt of electricity, 11 percent of New Zealand's current electricity demand, and could power over 650,000 homes. The project would see an estimated $5 billion pumped into the New Zealand economy, including in Taranaki, stimulating regional economic activity and creating jobs. It's an example of the kind of exciting 21st century energy projects that will help us decarbonise our energy system.