Good morning, welcome to Aker Horizons' third quarter presentation. With me is Nanna Tollefsen, Chief Financial Officer, Aker Horizons, Ivar Simensen, Communications, Aker Horizons. We have Mary Quaney, Chief Executive Officer, Mainstream, Paul Corrigan, Chief Financial Officer, Mainstream, joining us from Dublin. I'll start with some highlights across the portfolio, then hand the word over to Mary for a Mainstream operational update, then Nanna will walk us through the financials, followed by Q&A. It's been yet another active period with several milestones reached in the quarter. Starting with Aker Carbon Capture. Overall, ACC continues to perform exceptionally well in all dimensions. The share price increased by 39% in the quarter and continues to see significant interest amongst domestic and international investors. A number of strategic partnerships were announced in the quarter, including an Memorandum of Understanding with Carbonor to collaborate on low-emission char with carbon capture as a service. Carbonor is planning a char plant adjacent to the Northern Lights terminal in Western Norway. This would be ACC's first carbon capture as a service contract, where the customer pays based on the volume of captured CO2. ACC also announced a partnership with Viridor, which is one of the U.K.'s leading waste management companies and has an ambition to become the first net zero waste company by 2040 by bringing forward Carbon Capture, Utilization, and Storage alongside plastics extraction and increased recycling. Together, the two companies will explore the use of Just Catch at five waste to energy sites, combined with two bespoke Carbon Capture and Storage plants. Together, the plants will have the capacity to remove 1.5 million tons of CO2. A key aspect to ACC's strategy is to reduce the cost of the total value chain while making it as simple as possible for emitters. A key success factor is cost-effective storage of CO2. ACC continues to work with several storage solutions, including with its previously announced partner, Carbfix from Iceland, which provides a natural and permanent storage solution by turning CO2 into stone underground in only a few years. Depending on the location, a storage solution can be provided on-site or alternatively to storage hubs, reducing end-to-end cost. Now, in terms of the market, it continues to develop favorably with firm policy support from carbon markets, including the Fit for 55 climate policy proposal and EU taxonomy. Positive developments in the EU Emissions Trading System price, which is currently around EUR 60 per ton, and continued momentum in the number of carbon capture facilities in operation and development, which has doubled over the past year. Moving to Aker Clean Hydrogen. While AK H had a weak share price performance in the quarter, down 22%, the company continues to make good underlying progress maturing its pipeline and developing solutions to reduce the levelized cost of hydrogen. The company announced for the first time that it expects multiple FIDs, Final Investment Decisions, in 2022 with Rjukan and Berlevåg. For the Rjukan project, the company has secured land and a competitive long-term power supply. For Berlevåg, progress continues with securing of lands, permits, and licenses, as well as offtake for the regional shipping market. In the quarter, HErøya GReen Ammonia was launched with Yara and Statkraft to develop a 480 MW green ammonia facility at HErøya for the removal of 800,000 tons of CO2 annually. The JV company and team have been established, now working towards concept select in 2023 and target green ammonia production in 2026. In terms of the market and opportunities, we see increasing interest in how hydrogen can contribute towards decarbonization of hard-to-abate sectors such as shipping, refineries, and steel production. Just last week, we saw nine companies, including Amazon, IKEA, and Unilever, commit to only moving cargo on vessels using zero carbon fuels by 2040. Hydrogen applications such as ammonia can serve well towards this aim. Moving to Aker Offshore Wind. Share price performance was negative in the quarter, with a decrease of 12%. Aker Offshore Wind is taking further steps to mature and grow its portfolio and kicked off the last quarter with the announcement of the Ocean Winds partnership. The partnership later submitted a ScotWind bid for up to 6 GW of floating wind in the competitive process. Aker Offshore Wind's offering builds on the rich Aker Group industrial history in Scotland and Ocean Winds' extensive experience in-country as operator of the largest wind farm in Scotland. Award announcement is expected in January next year. Aker Offshore Wind in the quarter established a 50/50 JV with the Swedish floating offshore wind technology and project developer Hexicon to develop at least three sites for floating offshore wind on the east and west coast of Sweden. Sweden plans to produce 100% of its energy from renewable sources by 2040, representing a compelling opportunity for offshore wind and the Hexicon joint venture specifically. The Aker Offshore Wind organization has grown over the last quarters and now stands at 71 people. The company has had great success attracting talent globally, and today has a robust development organization built out from the technical strengths of the Aker Group. Now turning to Aker Horizons' strategic developments. I'd like to take a step back and recap previous communications around Aker Horizons' purpose to provide context to the announcement this morning regarding our green industrial hub establishment in Northern Norway. Fundamentally, Aker Horizons is an industrial-minded investment company, deeply committed to its mission of developing planet-positive companies and projects that help solve challenges to sustainable existence. We want to create a positive environmental impact and generate shareholder value in the process, and think we can do so by combining the 180 years of industrial experience in the Aker Group with financial structuring expertise and a shareholder mindset. Key elements of success include the ability to develop and realize large, complex projects, harness innovation to make green solutions economically viable, and being able to approach decarbonization holistically. A prime example is the ongoing development work in Chile, where we are combining Mainstream's leading position locally as a renewable energy developer with access to some of the world's lowest priced power, and then utilizing Aker Clean Hydrogen system integrator capabilities to produce hydrogen. It's still early days, but we're seeing quite promising numbers in terms of cost of producing hydrogen and ammonia. We're seeing synergies develop across the portfolio, which brings me to today's announcement as an illustrative example of how Aker Horizons aims to work. Specifically, Aker Horizons has agreed with the municipality of Narvik to acquire two sites in Ballangslia and Framneslia for a total consideration of NOK 200 million. In addition, and separately, Aker Horizons will invest NOK 100 million through a private placement in Narvik Batteri AS, which is a company aiming to develop a site just out of Narvik, separate from the called Hergot for battery production. The bigger picture is that Aker Horizons aims to use the full scale of the Aker Group to develop major green industry in northern Norway. Aker Horizons is already involved in hydropower through Rainpower, renewable energy through Mainstream and Aker Offshore Wind, development of hydrogen and ammonia projects through Aker Clean Hydrogen, and carbon capture technology and solutions through Aker Carbon Capture. All of these areas are relevant in the region, in addition to several new potential areas in line with Aker Horizons' planet positive mandate. Why Narvik? Narvik is located 200 km north of the Arctic Circle and offers several benefits as a hub. First, it has access to some of Europe's lowest price energy, 100% renewable energy, which is a determinant factor for cost competitiveness of power-intensive industries. Second, there are well-developed transportation connections, including for export, with railway to Sweden and Oslo, E6 and E10 motorways, and a year-round ice-free port ideal for shipping. Thirdly, there is deep local enthusiasm and knowledge for the energy transition. I spent time there last week and was really blown away by the commitment for the energy transition. We couldn't be more excited to partner with local business and communities on this journey. In terms of next steps, we are mobilizing major resources to bring to bear in preparing and developing the different sites and maturing the individual projects together with business partners and authorities toward the first investment decisions anticipated to be in 2022. Aker Horizons is in the process of establishing the company, Aker Narvik, a local office, and will also, together with Narvik Municipality, support the local community through initiatives related to science, education, and knowledge-sharing. We will share more details of our planned projects in Narvik over the coming months, but this is already a big commitment for Aker Horizons and an exciting day for all of us. We turn to the next strategic development, which relates to private capital and asset management. Last quarter, we announced the Green Yield initiative and spoke to the importance of cost of capital for decarbonization projects. Specifically, in the context of carbon capture as a service, but also for other capital-intensive green infrastructure projects. We have further matured the Green Yield concept and have continued funding planet positive projects. After assessing several alternatives and speaking to numerous institutional investors, our takeaway is that Aker Horizons is uniquely positioned to generate attractive investment opportunities within energy transition based on our access to projects, industrial capabilities, and technology. Today, we can report that we are in advanced discussions with a leading global financial services provider as a potential anchor investor in a EUR 1 billion fund focused on infrastructure assets related to carbon capture, hydrogen, and electrification. The fund will be complementary to Aker Horizons' current financings and portfolio company strategies. Carbon capture as a service being an illustrative example where Aker Carbon Capture would focus on technology and end-to-end solutions with customers, as it already does today, while the energy transition fund could be a strong potential partner on the more CapEx-intensive parts of the value chain with attractively priced long-term financing. Should this mature as planned, then several benefits could be achieved for Aker Horizons, including the ability to scale positive environmental impact, access new financing sources for growth, and potentially build a standalone business over time with significant value potential. In terms of timeline, we are targeting our first close in 2022, and we'll provide a fulsome update at the next quarterly presentation in February. With that, I'll hand the word over to Mary Quaney. Good morning. I am very pleased to present Mainstream's progress during Q3 this morning. Again, it's been a period of really exciting developments for the business. Just moving on to the next slide, you'll see that key progress this quarter spans right across the business and across all of our platforms. This quarter, we announced the launch of our next 1 GW platform in Chile. This will be our third platform, and it follows on from the build-out of the 1.4 GW Andes Renovables platform, which is currently underway. Our next platform, this is the 1 GW Nazca platform, again, a hybrid wind and solar platform. Later in the presentation, I will describe in some more detail our plans to bring the first phase through to commence construction in 2022. Also, I'll talk about how our recent success in the Chile distribution company tender to secure Power Purchase Agreements forms part of this program. In offshore, we bid into the ScotWind leasing round in partnership with Siemens. This is the partnership that secured and developed the Hornsea project in the U.K.'s round three, which is now the largest offshore wind farm in the world. It is a supply chain-led approach in partnership with a Tier 1 manufacturer. In our Asia Pacific platform, we are pleased to be in partnership with our colleagues in Aker Offshore Wind, where we are preferred bidders to acquire an 800 MW offshore wind development project in Japan. In South Africa, we have submitted bids under round five of the Renewable Energy Procurement program. We await the evaluation and announcement of successful bidders, which is expected this quarter. On the next slide, you'll see that we continue to grow our global development pipeline, which now stands at a net 16.2 GW portfolio. In addition to this, we then have an extensive number of projects in pre-feasibility and feasibility analysis in the opportunities phase. This is an area that I've spoken about before, on which we focus as we screen and funnel these opportunities before then bringing capacity through into our development pipeline. At the development stage this quarter, we have added capacity of 2.8 GW of early-stage development projects in Chile, South Africa, and Colombia. In total, giving us 14.6 GW of net development capacity in our pipeline. In construction, we have no change to our capacity in construction of 1.4 GW. This represents the 10 projects in Chile that are now fully in construction, and similarly, in the operational phase, where we own a net 200 MW of projects in operations. Within the operational phase, we manage the fleet of over 600 MW of wind farms in South Africa that are in operations. Just bear with me one second. On this slide, you'll see our global portfolio, which spans across Latin America, Africa, Asia Pacific, and offshore. Down on the left-hand side, you'll see our capacity distribution by technology, which is pretty much an even split between onshore wind and solar Photovoltaics. This is a very important point. As you know, we have a carefully balanced portfolio so that we can develop our projects with the hybrid approach, combining the multi-technology wind and solar, and also a growing offshore wind number of megawatts in development. The number of offshore wind megawatts will continue to increase as we're well-positioned for tenders over the course of the end of this year and the start of next year. Moving on to the next slide to Latin America. We enjoy a leading position in the Chilean market in particular, and earlier I mentioned that we have now announced our next platform, the Nazca 1 GW wind and solar platform. This platform will be built out in theee portfolios over three phases. A combination of wind and solar. Also we expect to incorporate hybrid solutions further, such as storage systems with large-scale batteries. The Nazca platform is split into three phases, as I mentioned, the first being the Humboldt portfolio, which is just under 300 MW, for which PPAs are secured. We have long-term bilateral PPA in place, and we expect to bring the Humboldt portfolio through to financial close and into construction in the middle of next year. The Raco portfolio, that's 368 MW, and that is going to be supplied by the tender win where we secured 105.8 GW in the recent distribution company tender in Chile this year at $31 per MWh. I'll talk a little bit more detail later as to the makeup of that tender. This is the first PPA for the Raco portfolio. We'll be supplemented with further PPAs in the private market. Taral is the final phase of the Nazca portfolio, 275 MW, and the commercialization for which is in the early stages of being put together. Our Andes Renovables platform, the 1.4 GW platform, is on track to complete construction. That's split into three phases. Mary, I'm not sure if we can hear you. As we appear to have lost connection with Mary in Dublin, we suggest we move to the financial section of the presentation at this stage. Well, if you'd like, Ivar, perhaps I could continue here for a minute or two. It's Paul Corrigan here. I think I've just got a note from Mary to say she's dialing back on. Okay. That's okay, Paul. Thank you. Please do. Okay. If we go to the next slide. Here we highlight the Distribution Company tender results from the recent auction in Chile, and this is the key building block for the Raco portfolio, which is our second portfolio in the recently announced Nazca Renovables platform. One of the points we wanted to highlight here was that Mainstream was awarded the highest price at $31 per MWh, which is almost twice what some of the lower figures were bid in this particular tender. This tender will be serviced with a combination of wind and solar from our side, and it's a key building block as opposed to the single tender. We'll be adding further private PPAs or possibly additional DisCo tenders to this platform. One of the points we'd like to make here in terms of price is that we don't bid at the very bottom necessarily. We do look to ensure that anything we do delivers economic results for our shareholders. With this particular price, we're able to build up an attractive portfolio for the rest of our business. I think if I could go back one slide, Ivar, just one more point, which is just to update on where we stand with Andes Renovables, which is obviously our key platform. For Condor, the most advanced portfolio, that is on track to complete construction by the end of the year. For Huemul, we're on track to complete construction in 2022 and Copihue into 2023. It's been a very busy period for us. We are on budget with regard to Condor and Huemul, and just starting with regard to Copihue. Some outstanding challenges that we're facing in that market, we're very pleased with the progress that we're making. If we carry on to the subsequent slide. In Asia Pacific, we recently announced an offshore acquisition with Aker Offshore Wind. We're preferred bidder for an 80% stake with Progression Energy. That starts initially at a 50% stake and progresses over time. Japan is a very attractive market for us, and we do expect to increase our capacity there over time. In Vietnam, our most attractive and developed market, we have a 70% stake in the Sóc Trăng offshore wind farm. We're targeting financial close for that in H1 of 2022 as a first 200 MW phase. We also have further activity in a Bến Tre project, and we have a very advanced portfolio of solar projects in Đắk Nông, targeting financial close in 2022. I note now that Mary is back. Mary, if you'd like to add anything for Asia Pacific, or we can progress to Africa. Thank you, Paul, and my apologies. The best laid plans, my system just crashed completely. I can take back over, but I'm on audio only. Just a few words about Vietnam. We're very well-positioned in Vietnam offshore wind and, as we have discussed before, Vietnam really has the opportunity to build a very substantial offshore wind industry at large scale. Offshore wind roadmap for Vietnam points to a range of between 11 GW and 25 GW in various growth scenarios being operational by 2035. Mainstream's pipeline in Vietnam stands at 2.3 GW of gross capacity, which we are developing with our local partners, with Mainstream holding 70%-80% stakes. Our Sóc Trăng offshore wind project is progressing. The first phase is targeted to reach financial close in the 1st half of next year, and our Bến Tre offshore wind project is at an earlier stage in the development cycle and making very good progress. Vietnam also has become one of the largest solar PV markets in the last two years. Earlier this year, we acquired an 80% stake in a 405 MW solar portfolio, which balances our wind pipeline in the country. We're targeting financial close in H1 of next year. In the Philippines, we are continuing to build our solar and wind development portfolio, and we expect that both Vietnam and the Philippines economies will recover strongly post-COVID, increasing the demand for electricity and the opportunities for renewable energy as we see elsewhere. Other markets of interest in the region that we're working on opportunities in include Australia and Indonesia. Moving on to the next slide, on to Africa. Our focus is on the South African round five renewable energy procurement program. We submitted our round dive bids in August. Round five is a highly competitive auction, but we believe that our large pipeline with a good geographical spread as well as a balance of onshore wind and solar PV positions as well. We're currently awaiting the outcome of round five. Results are expected this quarter. The South African authorities then plan to launch round six by the end of this year, which would mean bidding in 2022. We're also progressing opportunities in the emerging private PPA market in South Africa, and we note the welcome announcement of recent regulatory changes to that sector. Our Lekela Power joint venture, which is a leading Pan-African platform in which Mainstream holds a minority position. Lekela has over 1 GW gross of projects under construction or operational across South Africa, Egypt, and Senegal. The projects in construction in Senegal and Egypt are now nearing completion. As I mentioned earlier, Mainstream is the operator of the fleet of 610 MW of assets in South Africa for Lekela, assets that Mainstream developed and bid and were awarded PPAs in the earlier renewable energy rounds. Moving on to ScotWind. Mainstream has a really very strong offshore wind heritage, our team has developed 22% of the U.K.'s currently operational or in construction offshore wind fleet, including Europe's largest offshore wind zone, Hornsea, which we divested to Ørsted. Our partnership for ScotWind between Mainstream and Siemens is a revival of that partnership, which developed the Hornsea Zone, and with that, the partnership behind the U.K.'s biggest offshore wind supply chain success story in Hull and the Humber Estuary. The image here is of the Siemens blade facility in Hull. Our ScotWind consortium is a supply chain-led approach, together with Siemens Financial Services, Siemens Gamesa Renewable Energy, and Siemens Energy. Together, as we did for Hornsea, the approach is to place supply chain delivery at the core of the development program from day one. This very much allows the supply chain to plan ahead, creating time to design, consent, fund, and build facilities, creating cost, competitive projects, and crucially facilitating the growth of indigenous Tier 2 and Tier 3 suppliers. Our ScotWind submission took place during the summer, with the outcome anticipated in Q1 of next year. On to the next slide, our digitalization strategy crosses the full value chain and project life cycle from feasibility through development, construction, and operations, so as to reduce the cost of energy, as well as to provide more flexible energy solutions for customers and to enhance Mainstream's revenue streams. We are delighted to be progressing on the Electron program, working closely with other Aker companies, with Cognite and Aize, as we leverage their experience in this area, together with the digitalization program across Aker Horizons. In Mainstream, our first software development is focused on the operations phase of our fleet, which is particularly timely, with Mainstream having a large volume of assets completing construction and entering into operations. Here the focus is on software development to optimize the data management and the use of that data for our expanding O&M activities. Some examples are to enable real-time condition monitoring and predictive maintenance to increase efficiencies, to reduce costs, and to maximize uptime. We're also working on a number of optimizations earlier in the development cycle. Moving on to Power-to-X, another very exciting focus for us. I referred earlier to our leading market position in Chile. Christian also mentioned that Chile is our first large-scale opportunity to develop solutions to deliver Power-to-X. We're very much focused on the generation of the really very strong renewable energy resources to manufacture green hydrogen and green ammonia. Chile also has a well-defined hydrogen strategy, which is for Chile to be a global leader in the production of green hydrogen and green ammonia, with a view to supplying customers across Asia-Pacific, the Americas, and Europe. This gives us a really significant opportunity for collaboration with Aker Clean Hydrogen to make use of Mainstream's market presence and development pipeline together with the expertise of Aker Clean Hydrogen. Moving on to the next slide. Let me now turn more to the future. Our acquisition by Aker Horizons really enables us to accelerate our growth trajectory, as I've mentioned previously. Since we formed Mainstream back in 2008, we have built a global business with a development pipeline of quality assets across four continents. We have a track record of success, of delivery, of winning auctions, and of raising project finance across onshore wind, solar PV, and offshore wind. The next slide of activity flow gives you a sense, just the next slide, gives you a sense of that momentum continuing out to the end of this year and into the first half of next year. We will be active across all of our platforms, creating organic value, and we will also take advantage of inorganic growth opportunities as they appear. On to the final slide. Beyond the short term, our ambition, as we have stated before, is to build a renewable energy major with at-scale growth built on our existing global footprint, our experience and end-to-end capabilities and development, and throughout the project life cycle, onshore and offshore, with our innovation in large-scale hybridization, the delivery of firm power, and leveraging the synergies available right across the Aker Group. I very much look forward to continuing to update you as we continue to grow. I'm very happy to take any questions at the end, and apologies again for the technology failure. Thank you. Now I hand over to Nanna Tollefsen. Thank you, Mary. Starting on slide 37, we reported an EBITDA of NOK -46 million in the quarter, reflecting general running costs and a high level on projects. The net profit was NOK -1.5 billion, driven by a reported value change in our listed shareholdings by NOK -1.35 billion. Note that this does not correspond to the change in our net asset values, as our listed shareholdings are recorded in the balance sheet at the lower of market value and cost price. Cash flows from operating activities reflects running costs and interest paid, and amounted to NOK -83 million in the quarter. Investing activities mainly reflect Aker Horizons participation in the private placement in Aker Carbon Capture in August. Aker Carbon Capture raised a total of NOK 840 million at a share price of NOK 22 per share, of which Aker Horizons contributed NOK 200 million, taking Aker Horizons ownership from 51%- 49.3%. In October, and therefore not reflected in the Q3 numbers, Aker Horizons sold approximately 42 million shares in ACC to Baillie Gifford and two other institutional investors for a total consideration of NOK 1 billion, taking Aker Horizons ownership in ACC to 42.3%. Slide 38 shows our NAV buildup as of Q2 and Q3 respectively. Our NAV is up NOK 450 million in the quarter, driven by a positive development in Aker Carbon Capture's share price, partially countered by negative developments in the other listed assets in the quarter, and an increase in net debt. The next slide gives an overview of our current financing facilities and committed credit facilities. We have four sources of debt financing. We have a subordinated shareholder loan of NOK 2 billion. The loan carries an interest cost of 6% with a deferral option against deferral of a 1% deferral fee, and matures in 2026. We have a subordinated convertible bond, which carries a 1.5% payment in kind interest, has a conversion price of NOK 43.75 per share, and matures in 2026. Note that for accounting purposes, we recorded NOK 348 million of the convertible bond as equity at inception. In addition to the subordinate debt, we have the green bond of NOK 2.5 billion with a margin of 3.25%. The bond matures in 2025. Lastly, we have the Revolving Credit Facility. In the quarter, we increased the committed facility from EUR 400 million- EUR 500 million, and added a new accordion option on top, which potentially brings the total amount up to EUR 600 million. The RCF has a duration of theee years with 1 + 1 year options, and at Q3, we had drawn NOK 760 million on the RCF. Moving on to the next slide. To the left, you see the buildup of our available liquidity between undrawn RCF and cash, summing up to NOK 3.3 billion, down from NOK 3.8 billion at Q2, driven by negative cash flows from running costs, interest payments, and our investment in ACC's private placement. The net interest-bearing debt stood at NOK 6.3 billion at Q3, increased from NOK 5.9 billion at Q2, from operating and investing cash flows and payment in kind interest costs. The slide reflects the numbers at quarter end. In October, we had, as mentioned, increased our RCF by EUR 100 million. We raised NOK 1 billion from the sale of ACC shares. We have committed investments of around NOK 300 million into Aker Narvik. In sum, this adds approximately NOK 1.7 billion to our liquidity, bringing adjusted liquidity to NOK 5.2 billion. It reduces net debt to approximately NOK 5.6 billion. Moving on to the final finance slide. This shows our capital structure, where listed assets are recorded at market value and unlisted assets at book value. As you can see, the loan to value as defined by our covenant, stood at 14% as of Q3, giving significant headroom to our covenant of 50%. That concludes the financial section. I'll hand the board back to Christian Yggeseth. Okay. Thank you. To summarize, we've seen good industrial progress in the projects during the quarter. We see supportive tailwinds in our markets, like new customer demand and regulatory support. Business development activity is particularly high. For us, it's a matter of continuing to convert pipeline to projects and building scale in each of our portfolio companies. We're eager to progress the energy transition fund, open up new avenues for financing, and we are really excited about developing the sites and green projects in Narvik. With that, we're happy to take some questions. Okay. Thank you. The first question goes to Dublin, what are the implications of inflation, rising inflation for Mainstream Renewable Power? Thank you, Ivar. I suppose first of all, it's worth noting that in many PPA tariffs increase in line with inflation. Our revenues would increase, whereas inflationary costs in the operations phase on O&M costs really are immaterial. In many cases, inflationary increases over a long term can be to our benefit. Cost inflation clearly at the moment is a risk. It's a risk that we, at Mainstream, we manage through our strategy of securing PPAs, and not necessarily PPAs at the lowest tariffs as we've demonstrated in the recent tender in Chile and explained in the presentation. Also through building portfolios at scale, which brings economies of scale benefits, and also our strategic focus of being multi-technology, being wind and solar with a diversified portfolio. Thank you, Mary. Staying on that theme, a question here. The last round in Chile seemed to be very competitive with some low winning bids. Should we be worried about the competitive situation, firstly putting pressure on project returns, and secondly hampering your growth prospects in Chile? Yes. Thanks. That's an excellent question. The tenders are very much very competitive. We're seeing that right across the board. As we highlighted in the presentation, Mainstream's awarded tariff is the highest of the tender. In fact is more than double the lowest tariff awarded. Our strategy is to compete quite strategically in these tenders and to combine the PPA then from this public auction with private PPAs. In Chile, we have demonstrated that we can secure private PPAs at attractive tariffs. We have a level of scale and a track record in Chile. That's demonstrated by the bilateral PPAs we've secured already this year. We don't believe at all that it's a factor that would hamper future growth. In fact, really very much quite the opposite. Mainstream's strategic advantages and positioning in the market enable us to optimize our returns. Okay. Thank you, Mary. A question back to Norway, northern Norway. What kind of industry are you looking to build in Narvik? There are no lack of ideas for the industries that we're looking to build in Northern Norway, and we're in an exciting phase with a lot of creativity. Our point of departure is our existing portfolio today, and the capabilities that we have, in particular, hydrogen, renewable energy, carbon capture. As we said today, we're also looking at new areas, including batteries, where the Hergot site in particular is ideal for development of battery production. We believe we'll also be looking at other parts of the value chain where we're not today present. What we've also said is that we are anticipating Final Investment Decision already next year. Thank you, Christian. There is a question on investments. How do you see Aker Horizons investments going forward? Will you invest through your new funds? Generally, what is your ambition for an asset management arm? We will continue to invest directly in Aker Horizons as we do today. We see Aker Horizons as the manager of the fund and also as a minority investor in the fund. For us, asset management could be a way to really scale the Aker Horizons platform and maximize our impact. It would give us a capital source that is complementary to those we have access to today, and a new kind of scalability in financing. We see it as relevant both for projects and assets in our current portfolio, but also outside our portfolio. We also see that a lot of our portfolio companies projects could benefit from adjacent investments, for example, in infrastructure. We see this as very much supporting the portfolio company's current growth plans. We also see asset management as well that could potentially at scale offer value creation to Aker Horizons shareholders. Okay. Thank you, Nanna. There is another question for Mainstream here. Several of the markets you have operations or projects in are currently experiencing elevated power prices. Could you please comment on how you expect this to affect operations and market conditions? Yeah. It's a very clear issue right across many markets at the moment. Ultimately, we expect that governments will increase the pace of build-out of renewable energy as well as energy storage. I would point to Chile as being a really good example of a country that experienced an energy crisis back when it was exposed to very high power prices due to the price of gas from Argentina. Chile's response was to strategically aim to develop renewable energy, which as we have seen has reduced the cost of electricity overall and very much reduced the exposure to fossil fuel prices. We expect governments to focus more on security of supply, to which, of course, renewable energy has the advantage of having zero fuel cost and low operations costs. Although renewable energy is variable, it is highly predictable, as we know, and can be supplemented well with energy storage solutions. I would also say that the high power prices do bring also opportunities, as with very competitive auctions for long-term contracts. We believe that some merchant exposure within our portfolios can offer attractive returns to equity. It's an important and growing component of a project's returns. We look to secure long-term power contracts where they're available, but only at prices that are attractive. Our off-taking strategy will consider a combination of long-term, medium to short-term private contracts as well as merchant pricing. Okay. Thank you, Mary. Now there's a question on REC. How do you see the strategic opportunity set in REC Silicon? First, the poly prices are still quite high, which is good for REC. They cannot reap the benefits with the idle Moses Lake, but the GE that REC has with the Fluidized Bed Reactor would be competitive in today's market, particularly since it uses quite a lot less energy. Overall, it's a competitive production of polysilicon. The bigger picture strategically is in the U.S. experiencing a lot of governmental support around renewable energy, particularly with the Biden administration pushing for faster transition to renewables. If this legislation that is being proposed goes through, it would be a strong economic incentive to build out ingot and wafer capacity specifically in the U.S., and this would be very positive for REC. In terms of batteries, which we've spoken about before, the market is clearly experiencing tremendous activity in the U.S. with regard to the production of electrical cars. The company has said that they're negotiating with several silicon anode companies for silane supply. This would also be very good. We'll see how that develops in the time ahead. Okay. Thank you, Christian. Got a final question is, what do you see as your next platform company? Well, today we have four platforms. We have Aker Clean Hydrogen in hydrogen. We have Aker Offshore Wind focused on floating offshore wind, Mainstream Renewable Power, renewable energy, and Aker Carbon Capture on carbon capture. We have a number of early-stage technology companies, which we have a heavy focus on. Just today, we've announced two potential areas. One is asset management. We'll see. Our key focus is on landing the fund, as we expect, during the course of next year. In terms of the development in Northern Norway, in Narvik, this is a very large regional development, and I expect there'll be a number of opportunities in parts of the green value chains that we are not present in today. Without being specific on it, I fully expect that during the next 12 months we'll have a new platform in Aker Horizons. Okay. Thank you, Christian. Thank you also, Nanna, Paul, and Mary, and thank you to everyone who followed this webcast. That concludes the presentation for.