The Deputy is right in what he said. The lack of capacity is due to the phasing out of the facility on the Arklow Bank. The Deputy will be familiar with the announcement recently about the Tonn Nua site, which is just off the south-east coast. That announcement was very positive in the sense that an auction system was deployed. We had four bidders and we got a very good price at less than €100 per MW hour. There have been a number of auctions in other countries that have effectively failed because there were no bidders. We are on the right path
The plan-led development through the use of the designated marine area plan, DMAP, is a critical part of the Government's strategic plan for our maritime area. This is reflected by the commitment stated in the programme for Government to fast-track offshore wind development by prioritising the publication of the DMAPs. There is a plan in place, which I am shepherding through at the minute. It is a national DMAP. We hope to have it concluded by the end of 2027.
Three additional sites have been identified in the south-east coast DMAP. Tonn Nua has gone to auction. It has been announced that there are three other opportunities there, and they will be advanced in a timely way. There are some real issues to be resolved in terms of how that might pan out. Then, by 2027, we hope to have a national DMAP that will identify enough sites to get us to our 2040 target of an additional 15 GW of electricity. That is progressing with pace. In addition to that, we want to identify at least one but potentially two sites suitable for floating offshore wind, which really has great potential from an Irish perspective in the sense that it would give us the capacity to generate enormous amounts of electricity that might potentially be used for export, through interconnection or with some of the imaginative projects which the ESB and others are involved in, looking at converting to hydrogen or ammonia as a methodology of storing the energy.