On October 8th at the Global Offshore Wind Summit in Kitakyushu City, Fukuoka Prefecture, Joe Nai, General Manager Offshore Wind for Shell, announced in a speech on developing offshore wind in Japan that Shell and KUAM have entered into a Joint Venture called Fukuoka Offshore Wind Project in the Kita Kyushu area, to explore a potential offshore wind project opportunity. The project is a greenfield offshore wind development opportunity, located offshore of Kitakyushu City – Southwest of Japan, to be co-developed with Shell and subject to auction for development rights and FIT. KUAM supports the economic development of the Japanese economy through the development of renewable energy projects including offshore wind and our partnership with Shell allows us to continue to support Japan to achieve its climate targets. We recognize that the project is early stage but nevertheless needs careful examination of possible impacts on the community and the surrounding environment. We will engage potentially impacted and interested stakeholders through the EIA process to understand and address concerns and gain support. We also need to fully comply with local laws and regulations. It is too early to disclose specific things about our plan. We are very excited that we can support the development of offshore wind in this area to support the energy transition and contribute to the local economy.