Identify the only statement about wave energy that is FA...

The pioneer wave project to generate energy for commercial consumption was developed in Portugal.

Many different countries in Europe and other continents have started their own wave-energy projects.

Financial difficulties have forced the first commercial wave farm in the world to close down.

Wave energy will never be cost-effective since the ocean surface is hard to control.

Wave energy is generated by means of pumps that transform the rising and falling movement of the waves into electricity.