During the year, we acquired licencing rights for harvesting geothermal energy on approximately 5,000 hectares of land in Croatia, a country with excellent conditions for geothermic electricity production.

To broaden our expertise and as a resource for constructing approximately 16 plants with an electrical capacity of almost 100 MW, we have acquired an Icelandic geothermal development and consultancy company.

Our ambition is to grow our renewable energy business in Europe, initially within geothermal energy but also by expanding into other sectors over time.

As a company, we strive to abide by our core values in everything we do: integrity and respect are fundamental, both with regard to the people and communities we collaborate with and our planet. Sustainability and caring for the environment are key principles for us. Our objective is to be part of the solution to the environmental challenges facing humankind.

We care about our employees. Their health, safety and wellbeing are our highest priority.

Transparency is also fundamental to our business. We communicate openly and honestly and are clear about our operations. This earns trust and builds strong relationships with our stakeholders. We appreciate the support of all our stakeholders and we are determined to create meaningful value through our undertakings.