Bill Siwek: Yes, I certainly then it did in the prior one. The numbers I’ve seen are pretty fairly significant in the U.S. between now and kind of 2030 time frame. So yes, I mean, the bulk of it will still be new install, but there is a fair amount of repowering that we’re seeing in the marketplace. So I do think that it will play a much bigger role this time around than it did last time for sure.
Tom Curran: Got it. Thanks for taking my questions.
Bill Siwek: Thanks, Tom.
Operator: The next question is from William Griffin with UBS. Please go ahead.
William Griffin: Hey, good evening, thanks for the time. Just one for me here. Really curious if you have any comments around what you’re seeing in terms of offshore wind discussions with your customers, just giving the pullback and a lot of U.S. projects and perhaps as that maybe shift away from offshore, creating some opportunities for some of your onshore production?
Bill Siwek: So, on the first part of the question, not having a lot of active discussions today in the offshore space, and I’m not sure that that really has an impact on what we’re doing from an onshore perspective. I will tell you as we look at where onshore growth may be, we’re always keeping in mind the offshore side of it as well and where we might think about different geographies, we would certainly keep in mind an offshore play at some point in time, but today that’s certainly on the back burner.
William Griffin : Got it. Thanks very much.
Bill Siwek: Yes. Thanks Will.
Operator: The next question is from Patrick Ouellette with Stifel. Please go ahead.
Unidentified Analyst: Hey, it’s [indiscernible]. Thanks for taking a question. So just a quick one on the ASP side. Price came down from last year. Is the expectation still here that you get a rebound in ASP from the better mix, so any of those lines coming on from the transition or a pickup in ASP from any of the lines that came on recently? Does the expected increase in ASP look like a step up in flat liner? Should we be anticipating somewhat of a gradual increase into 2025?
Bill Siwek: Yes, Patrick, I think this quarter it was a little bit of an anomaly. I think, we had material costs come down a little bit. So that also impacts ASPs for us. But it was really just a mix issue with the mix of the blades. We had a pretty low volume quarter, so that mix issue can be evaporated when that occurs. But the new blades that we’re bringing online, they’re all bigger, longer, heavier, more expensive blades. They’re all refreshed blades from the OEMs that we expect to be in production for many years to come. So, because of that, they’re bigger and longer, they’ll be higher ASPs, which drove our guidance when we originally said our ASPs are expected to be about $8,000 a blade or so. So I would expect that you’ll see that gap close here in the second quarter and in the second half we really see a differential there when we’re in serial production on all the newer blades.
Unidentified Analyst: All right. Thanks a lot. That’s all for me.
Operator: This concludes the question and answer session. I would now like to turn the conference back over to Bill Siwek for any closing remarks.
Bill Siwek: Yes, thank you. And thanks again for your time today and continued interest and support at TPI. Look forward to talking to you again soon. Thank you.
Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
