Good morning, or rather, good afternoon to everybody. It is our pleasure to meet you again in our Q1 unaudited interim report presentation. My name is Aavo Kärmas. I am a CEO of Enefit Green. Hi, good morning from my side as well, Veiko Räim, CFO of Enefit Green. So if you allow us, we first go through our deck here, and we are ready to take all the questions you may have, so you can post them here during a presentation. But of course, you're more than welcome to ask any question you may have and send it to investor@enefitgreen.ee. So we certainly will reply all the questions and then all the thoughts. So let's kick it off then, and as usually, we start from changes in environment, which have a major impact on our business. So first topic is power prices. Here, we have brought out the price changes compared to Q1 last year. So as you can see, the prices have dropped, most of, you know, all the countries around the Baltic Sea. But that actually, variety of the drop is different, you know, starting from almost 10% in the Baltics, ending up with -63% in Finland. And there are several reasons for lower prices. We have brought out here, for instance, increased wind and hydropower generation in Q1. Also, there was a mild winter, which also led to a higher hydropower reservoirs fulfillment during the Q1. But last but not least, also, decrease of natural gas prices and CO2 prices, as well. And as of the end of the Q1, the gas reservoirs were filled up to 60% in the whole European Union. They say, or predict, that by the end of July, this will come up to even 89%. So that this is... So all those three conditions or three factors were the most important to the power price decrease in the countries. Second thing, what we show you the second time already, is a power forecast, power pricing forecast across our whole markets. So this is not our own inside view, this is a combined view of three different analyst houses. What has changed with February, when we showed last previously, we're saying same graphs, there were prices for 2025, 2026, have come lower level, mainly because of decreased gas and CO2 prices, and expected lower consumption soon for those years. But if we look longer, the forecast, we see that actually prices will remain on a, on a quite a flat, flat level for years to come. Secondly, our regulatory environment. So here we have brought out few of few of occasions or topics. I will not go through all of them, but just maybe few from Estonia. The most important for our business is that a proposal of waste reform was published, which is currently on the way. And it is all about how to meet the 2025 targets of Estonia for mixed municipal waste, recycle of mixed municipal waste and the packages. So that, for us, it would mean that our Iru, Iru CHP, who is using a municipal waste for producing energy, will most probably start to use more residual municipal waste. This may lead maybe to higher heat prices in the future, but it's, as I said, the proposal is on the way. It's too early to say anything, so we expect that the draft law will be approved by parliament at the end of this year. The second point from Estonia to bring out is a change of our building code. Mostly, actions to be taken are related to how to proceed or make faster planning procedures for renewable energy to come online. Secondly, from Latvia, to say, to highlight, is that there is a new version of climate and energy plan being introduced, which has met very heavy criticism from different market players as the plan is considering the national targets are considered only on the basis of a national utility company plans, not taking into account another initiatives on the market. So we closely follow how it goes on its way. And then last but not least, Poland. That Poland, as we all know, has been heavily relied on fossil fuels generation, and happy to see that they have also now increased the national target by 2030, so that they expect to reach up to 50% of green generation from consumption. So this is certainly good news for us, but also other market players to push renewable generation and projects in Poland for years to come. And then last but not least, wind conditions. So what can we say? I mean, wind, the Q1 is usually the best wind months, let me put it that way. So it was this year. What we see is that actually in Estonia, wind speed, average wind speed was a bit lower compared to 2022 and 2023. January and February were good windy months, but in mid-March, we saw that actually wind came down. But in Lithuania, the conditions were on average level. But still, despite low wind conditions, we also produced less energy than expected. And availability, this is something which is mostly in our hands. Happy to see that our wind farms' availability, both in Estonia and in Lithuania, remained in a good high level. So especially happy, which is not seen on the graph, but especially happy that wind turbines, which are on a fleet in Estonia, which are one of the oldest turbines, actually showed more than 97% availability, which is really good and high level. And then secondly, Lithuania, as you can see, our average availability was 96%, but if you look back to Q3 and Q4 last year, you see low numbers, which were mainly affected due to Šilalė wind farm low availabilities and problems we had at the time. But now we are happy about that together with GE; we have agreed on a pre-arrangement plan how to bring turbines on a high level again. And then in Q1, Šilalė wind farm availability was actually above our expected level. So well done by our team. CHP and the solar farms availability, nothing special to bring out here, are good, good, good high level. Now, if we move on to our development portfolio. So, on that slide, we just show once again that our current operational and under construction capacity is slightly above 1.2 GW by the end of 2025. And by the end of 2026, we expect to reach a bit more than 1.7 GW capacity, taking into account also our early stage, not early stage, but ready late stage development projects. Sorry. And now, if we move on to our projects under construction. So we have six wind farms and three solar parks under construction, so I will not go through all of them, maybe just main highlights. Happy to say that in April, Tolpanvaara wind farm is up and running, and in April, Nordex took it under full availability currently. So in order to finalize it, we just need to go through a final grid test. Same goes for Akmenė. We remember this was unfortunate collapse of a turbine last May, so currently all 14 turbines are up and running in Akmenė wind farm. And we in the process of negotiating with insurance and then also with GE occurred costs and losses during a period of time to be covered. Nothing special to highlight at this moment of time. Last but not least, Sopi-Tootsi wind farm and solar farm in Estonia are proceeding well. So, in Sopi-Tootsi wind farm, first turbines are already under construction. Same goes for Kelmė I wind farm in Lithuania, where first turbines are already installed and works are ongoing. And in Kelmė II wind farm, we have started already balance of plant construction. So all in all, we saying that those projects on that slide are moving according to schedule or even faster. So now, if we move on to our near-term pipeline, which is mostly altogether slightly above 500 MW. So, we most we expect to make investment decision by the end of the year or during the second half. Of course, it all depends on the market conditions and the power prices and the customers' ability to sign a long-term PPAs. But we have Seinapalu PV, which is already ready to make a financial investment decision on our table, so we expect to get the PPAs for that project as soon as possible. So taking all into account, our under construction, operational, and near-term pipeline, its capacity is slightly above 1.7 GW. And now, if we move on to our long-term pipeline. So our long-term development portfolio is around 2.5 GW, consisting mostly of onshore wind and then solar in Estonia and Latvia, Lithuania and Poland. And then to highlight from previous month, actually, was that we signed an agreement with a Polish company called RES Global, where we acquired a portfolio for 360 MW of onshore wind to be installed in Poland in coming years. So we're in early stage development phase at the moment, and we expect that first turbines can be installed not before 2028. If we move on to our offshore projects, so first take Liivi. Liivi, we have completed most of the studies. The last ones are ongoing, so with coming months, we expect to start to put together our Environmental Impact Assessment report, and then present it to a ministry. And then Hiiu Wind Farm, as we said, in February, last year, our Environmental Impact Assessment plan was approved by Minister of Climate, Estonia, and now we are working with the state to update the existing maritime planning around the Hiiu sea borders, that there will be also foreseen areas for offshore wind developments in the future. So all in all, our current portfolio, taking into account also long-term portfolio, has reached up to 6,200 MW, which is a very solid, sorry, very solid capacity going to be growing in the future. So I will stop here, and then give it over to Veiko for collaborating on our financial results. Thank you. Indeed. Thank you, all. So quarter one done, and all dusted, so what did we achieve? Firstly, starting from the production, so 494 kWh of power produced, 22% more than last year. A good solid improvement, especially on the back of the new wind farms and solar parks. So +131 GWh coming from there. And indeed, this, how to build up and roll out these parks in production in the coming quarters is our key variable, both within the development teams as well as the operating teams. So this is extremely important for us this year and the coming quarters. Secondly, the price performance. So, we earned EUR 81 per MWh, for all our production, so combined and summarized, so roughly at the same level as last year, the final quarter. This is 20% below last year's first quarter, so I'll speak more about it, but, both lower PPA prices as well as lower market prices were of importance. And finally, we have brought out here our operating income, EBITDA, and net profit performance as well. Operating income, -11%, but EBITDA +3% compared to last year, and net profit, +10%. So all of these were, to an extent, affected also by the sale of our biomass assets, but I'll elaborate on that in the coming slides. So the price performance. I mean, firstly, if we look at our electricity produced, purchased, and sold graph in the top left-hand side, so you can see that, that actually the picture is quite similar to Q4 2023, just all the volumes are 20%-25% higher, so more production, but also more sales to the market, more sales to PPAs, but higher, higher purchases as well. So these volumes are evolving in a progressive manner, in a proportional way. So of course, the- as I was telling, our power market prices were lower. So, so this is, there's one, one feature to, to bring out. And if you look at the table in the bottom left-hand side, then the price of power sold to the market was EUR 82 last year, and EUR 77.6 per megawatt hour this year, so quite a bit lower. And one feature also that we have brought out here is that that actually the discounts in our markets have been growing higher than last year. So for instance, in Lithuania, the wind discount was 15% in the latest quarter, which is 3% more than a year ago. In Estonia, slightly above last year, so 13.5%. So all in all, these will have an impact on the prices that we sell to the power markets, irrespective of whether we have PPAs or not. Second feature here is PPA price, that in the table, EUR 89.8 per MWh last year first quarter, and EUR 75 per MWh, which was in the first quarter of this year. And really, behind that is certain PPAs that that became, sort of, came into the delivery period at the beginning of this year. These were agreements we signed in 2021 for Finnish and Lithuanian power. So these have brought about the lower average price for the PPAs, and this has also had an impact on our total captured revenue price. And finally, I think the purchases that we've made were for the lower price. So in that sense, the power market, if the prices are lower, we also pay less for the prices, for, for the power that we purchased to cover our PPAs. But the volume of that, purchases were, compared to last year, larger, so that brought about higher, higher purchases in, in total. In case we look at the operating income, now, as the headline numbers going from EUR 77.5 million-EUR 68.9 million, may raise some questions, but one needs to keep in mind that in last year, Q1, we had EUR 20 million of, operating income coming from the biomass assets that we have been, exiting. This year, the, the size was EUR 8 million, so actually minus EUR 12 million from the revenue comes, from, from this comparison basis. So without that, actually our revenues will have grown by, from EUR 57.5 million- EUR 60.9 million. And behind that really is the higher production, so 125 GWh of additional production from the wind farms, so the wind energy segment. Solar energy, of course, the first quarter is quite slow for that production device, but still we produce 140% more, 143, to be exact. And as mentioned already on last slide, you know, global prices captures were holding our growth back. Now, if you look at the EBITDA, then we earned EUR 42.4 million, and actually EUR 3.1 million difference compared to last year came from the sold assets. Last year, we earned a bit from the EBITDA from this both Brocēni and Paide-Valka, which we have by now exited. This year, in the first quarter, we also realized EUR 5.5 million of profits from Paide-Valka CHP sales. This all together, if you put this into comparison, helped our EBITDA EUR 3.1 million. Now, electricity prices, if we take together both the prices sold and that were lower, and then also the prices of purchases that were also lower, then that together had a -EUR 7.4 million impact to our results, still keeping us back. Whereas the sold and purchase quantities actually balanced each other out, and in net terms, actually improved our EBITDA by EUR 7.6 million. Finally, I would like to highlight the fixed expenses, so as we grow our portfolio, of course, our maintenance costs coming online, so this is from the new assets, and then also, I'll spend a little bit moment really discussing the operating asset maintenance expenses as well in the slides. If we move on now to segments, wind is a segment first. So we can see from the top left-hand side that there are actually 125 GWh of the new asset increased production from wind, specifically that helped us, whereas the operating farms produced 25 GWh less in the recent quarter. So despite the good availability that we had, actually we had less wind, as I mentioned, in certain parts of the quarter, so altogether the result is lower. That helped us still even though we had lower prices, to improve our operating income in total, and also increase our EBITDA of it, plus EUR 1.2 million to be exact. Now, in terms of operating expenses per megawatt, there we have seen, witnessed continued growth in the expenses, both the effects of the indexation coming from the agreements with the turbine suppliers. Of course, these will also change in the coming quarters as we have the new parks going online, which are comparatively cheaper, so per megawatt to operate. So this one will should hold back our growth again, but but we'll be glad to comment in in more detail in the coming quarters as as these come online. In terms of cogeneration segment, here the impact of of sold assets is probably the most visible in the bottom left-hand side, in the operating income side, so EUR 20 million last year Q1, EUR 8 million Q1 this year. So really the main impact from there is from the pellet revenues, as our pellet plant was was a highly revenue-rich business, but it's actually a low margin business. So so together with the revenue, as we have sold it, we actually have reduced also variable costs, so impact on the EBITDA, as you can see, is quite a bit lower. In terms of electricity production, Iru produced a bit less than last year due to actually there being a cold winter, and our one is to prioritize the heat production. And at the same time, availability-wise, we lost a little bit of production there as well. Whereas actually other assets that produced a little bit in this quarter by the market, then these we won't have in the next coming quarters. So this what we bring out here, also comparatively basis, how much of the EBITDA was with the solar assets, how much with the... Mm. Finally, the solar segment, as mentioned in Q1, this is quite slow. But regardless, we managed to grow the production by 140%, so to 8.5 GWh, roughly equally split between Estonia and Poland, so slightly more in Estonia. And while power prices were realized were lower, then still our revenues increased by 16%, and our EBITDA increased by 22% as well. So even though it's from so small data and small numbers in Q1, so we expect to see bigger production and bigger numbers in Q2. If we turn to investments now, so we're coming off another heavy investment quarter, if I may say so. So actually our production investments are in full swing in Sopi-Tootsi, EUR 64.8 million, around 60% of our investments in the recent quarter. Also, Sopi PV, our solar park investment, EUR 17.6 million, very, very sizable in this quarter. And Kelmė I and Kelmė II, these are the ones which are kind of completing slightly later, Kelmė I later this year, Kelmė II later next year. So these are still picking up. Altogether, we managed to produce operating cash flow in the first quarter in reasonable amounts, but of course, the investments are so sizable that we need to engage also additional loans. So altogether, our financing cash flow then helped us to finance the investment source. In terms of net profits, so earnings per share, so we increased this by about EUR 3 million. Net financial costs, while our debt levels are higher, then of course, the interest expense is higher as well, but as we still haven't taken into usage the parts in all of them, or most of them which are under construction, then actually we still capitalize around 99% of the interest expense in the recent quarter. So this doesn't really affect our net profit yet, but as these are becoming online, then these will be also more realizing into our PNL as well as interest costs. Finally, I think nothing more to mention from here. Sale of Paide-Valka CHP probably the biggest driver of our net profit compared to last year. In terms of leverage, we expect it to be on a higher, higher level compared to the year end, and so we are. So we are at 4.4 times net debt to EBITDA at the end of last quarter. We have been increasing our debt outstanding a little bit. Our average interest rates have remained roughly unchanged, so still around 30% of the swaps of the interest rates we have done for our debt portfolio. And we have value to these, and we also have currently unutilized more than EUR 300 million of capacity to fund our investments in the next quarters. So all well on plan. In terms of returns numbers, of course, they are slightly held back by the fact that we have a lot of construction progress, which still doesn't produce any revenues and net profits. So this we have improved, we have to improve in the coming quarters as the production comes online. Final return on equity roughly of this year. Maybe the final bit from me, in terms of our electricity price risk management, so we have produced in the recent quarter 424 GWh of power. So this was roughly about 90 GWh less than we expected with volume. And essentially, that has meant that we have had slightly, again, higher PPA level than we would have liked. But we have addressed that by buying back around 16.5 GWh of power at those agreements for Q2 and Q3 in Finland. We can do more. And finally, also by swapping our volumes of PPA from Estonia to Estonia, where our PPA levels were lower, so just to address the potential risk between two price regions. So essentially, we remain active in our portfolio management. We seek to deliver the best results we can. And also in terms of production, we currently expect about 2.1 TWh of production for the full year. As you can see, especially in the second half of the year, it is vital that we get our under construction wind farms operational and fast and deliver our megawatt thousand kilowatt. So this remains the national focus of the team's focus for next year. And maybe final bit, we haven't added, comes out from the report as well, but we haven't added long-term PPAs in the next quarter, so we have focused on short-term PPA performance. This is all I have to say. So next, over to Aavo. Yes, thank you very much, Veiko Räim. Sorry. Before closing or wrapping up the presentation, so here is notice that on fourteenth of May takes place our annual general meeting in Tallinn at 1 P.M. in Fotografiska. So all of you are more than welcome to participate, and you can find the meeting agenda and then the topics to be discussed or decided in a meeting on our website, enefitgreen.ee. But yeah, summing up first quarter, so it was a busy quarter, as usually. So happy to say that our power generation grew more than 20% compared to last year. So our focus still remains on growing our pipeline, developing our pipeline. But at the same time, it's also important, as Veiko said, all the focus of our team is on the construction projects, which we expect to be delivered or become operational this year. So we do whatever we can or give our maximum to deliver every megawatt hour we have expected or even more. So saying that, I'd like to say thank you for listening and we're ready to take your questions. I already can see that there are a few already arrived. Maybe, Veiko? So the question reads: Congrats on much improved profitability in Q1 2024 versus Q4 2023. Thank you. Could you please share some color on how CapEx price evolved in 2024, and the easing witnessed? Today, we haven't seen much easing yet. I think solar CapEx remained very competitive at the end of last year when we made our final investment decisions for our Latvian projects. We are looking around this year to other solar parks, where can we do more, and how to make it the most efficient in terms of CapEx. But there, I think that, you know, we haven't really witnessed also the spike very much. It has returned from the highs. In terms of wind CapEx, we still haven't seen a retreat from the high euro per megawatt in terms of investment. So I think there, we keep on working with our manufacturing partners in terms of the wind turbines, to see what can be done, how to make it even more efficient. But I think there, the pressure, we haven't seen easing yet. Thank you. Would it be logical to assume more deals like the one with RES Global, especially in Poland? It seems like a bit of departure from previous strategy to develop everything from scratch yourself. The answer is yes, of course, we are ready to invest to new projects in different development phases. But as a note that we have not changed our development strategy, it still remains as we have said it before. So at that, yes, we are developing projects from scratch ourselves, but of course, we are always ready to look for projects in different development stages to be invested. We are not looking for turnkey projects. And then, yeah, I mean, Poland is certainly one of our core markets. As I said also in the beginning, that it's really good to see that also the Polish government has increased or put up the national climate target, and also taking into account the power prices outlook in Poland, it certainly is, it remains very attractive market for us. Yeah, here are further what is, and will be considered a new wind solar. Is it one or two or more years old? So in reality, we have here considered new solar and wind, new wind, as we brought them out specifically. The wind farms that we have completed from the beginning of last year, i.e., Šilalė II, Purtse, et cetera. And we will continue keeping them as a separate bucket as long as we see that, you know, this is, this adds value to the investors. So this is maybe how to approach this, that, you know, there is a certain amount of new assets that have come online, compared to assets that maybe now are actually already 10 years old, right? They have different characteristics and different return profiles. Yeah, sure. So could you please indicate if equity IRR on projects under development is still in low teens, in general? Well, yeah, in terms of our expectations, we, we have communicated a lot in our annual report as well, that the cost of capital, if you take weighted average cost of capitals, then they are around between 7% and 9%, depending on, on assets, maybe even 8% and 9%. So indeed, we expect to realize already unlevered returns that are higher than that. Of course, these are, and then equity returns, being higher than that. Of course, the critical bit is that what is the timeline of these assets coming online? What are these, what are the projections for our prices? These are for 30 years. We have made prognosis, but of course, there is a lot of uncertainty about them. But in total, if you take the portfolio, then we still expect to earn in double-digit. As leverage is growing and pipeline is pretty substantial, do you see any need for additional equity over the next 2-3 years? Our first focus is on rolling out the existing under-construction assets, bringing this asset online, and then seeing that what is the optimal structure forward. We have the capability to engage additional equity, if there is a story to be told, if there's a new developments that we can undertake. For instance, offshore is something that we haven't yet started to finance. We are still preparing for these starts. So, I think it will depend on the growth plans and the growth ambition. But the first ambition is indeed to bring the existing under-construction assets online and then basically keep on developing either in a natural pace, which is slower, or engage additional new capital, which can increase the growth trajectory of the company. Okay. Has the competitive landscape changed much? Thanks. Nothing special to bring out, honestly. I mean, one needs to look on market by market. So, I mean, if you take, for instance, in Estonia, we see that there are number of competitors with number of projects currently in different planning phases. So, that everybody is preparing the projects to reach FID in coming years. We see in Latvia that actually the onshore wind is picking up, but we have already witnessed the first national state forestry auctions for land plots suitable for onshore wind. In Lithuania, still a lot of onshore wind projects are on the way to come online, also solar. What we have recognized that, say, around one or one and half years ago, a lot of grid capacity was booked by different companies, but now we see that actually some of the projects are coming on sale. So, that, as I said, answering one of the previous questions, that of course, we are also ready to investigate new business opportunities. So basically, the market is busy, so the opportunities are there. So for us, as we have said, we expect to deliver what we have promised. So I think that yeah, this is all. Thanks very much once again. So anytime you, you wanna ask anything, just write us an email: investor@enefitgreen.ee, and we will answer shortly. Thank you very much. Thank you. Bye.