Good morning, and welcome to our second quarter 2026 presentation. The second quarter has been a good quarter with several important milestones that we have been achieving. We continue to deliver on our strategy to drive value-creating growth at a high pace across our geographies. During the quarter, we have continued to move projects into operation, we have started construction of new projects, and we have also moved new projects into backlog. We continue to see demand for renewable energy continuing to grow. Scatec is operating in countries with strong and increasing underlying demand for clean, reliable, and affordable renewable energy. Renewable energy is the most competitive source of energy in the markets where we are operating. This is based on continued cost reductions and technology innovations across all the technologies, solar, wind, and batteries. Based on this, we can deliver not only intermittent energy, but also flexible energy and base load energy at competitive prices in the markets where we are operating. Further, with the ongoing challenging situation in global energy markets, long-term predictability and energy security is increasing in importance, and this will also continue to drive the demand for renewables in our markets. As a result, we see the intention now to accelerate the energy transition for economic reasons. The case for renewables is becoming very strong and evident for key stakeholders and government officials and decision-makers in the markets where we are operating, and we continue to see the clear intention to accelerate the transition towards renewable energy in these markets. I will take you through the highlights of the quarter. Hans Jakob will take you through the financials, and then we will come back and take questions at the end. Our growth momentum continues, and during the quarter we reached commercial operation for three projects totaling 705 MW of solar and 16 MWh of battery storage. A major milestone for us was reaching COD on the full Obelisk project, the Phase 2 of the Obelisk project. This was done ahead of schedule and well within budget. I will come back to this shortly. On financials, we delivered proportionate revenues of NOK 2.3 billion and EBITDA of NOK 1 billion. In our D&C segment, we recognized revenues of NOK 1.2 billion with an EBITDA of NOK 234 million, representing also and based on a gross margin of 24%. This strong result is again a demonstration of the strength of the integrated model and the strength of our execution capabilities. We also have a record high backlog and near-term growth. With the current backlog that we have, we are in a position to double our generation capacity over the next two to three years. It is encouraging to see progress across all main technologies, solar, wind, and battery storage, also across multiple countries and multiple geographies. All of these technologies, as I said, will form an increasing part of the future energy systems. It is great to see that we continue to build experience, capabilities, and track record across all of these technologies. This morning, we also announced the intention to refinance our most expensive corporate financing, and this is in line with our strategy to continue to take down debt on corporate level and continue to reduce our financing costs. Reaching COD for the Obelisk project is a major milestone for us and obviously a very proud moment for us. Obelisk is the largest renewable energy project in Africa. We expect it to produce more than 3 TWh of energy annually, and we also expect it to contribute by reducing CO2 emissions in the range of 1.3 million tons annually. Again, this project is evidence of the strength of the integrated business model. With the integrated business model, we are able to move swiftly from development and into construction, we are able to control the quality and the pace of construction during the execution phase, and we are able to extract value creation in a capital-efficient manner through the project. Obelisk reached COD ahead of schedule and below the construction budget. From our signing the PPA in September 2024, we took around nine months to get the financial close and notice to proceed, 17 months to reach Phase 1 COD, including 100% of the battery storage capacity, and 23 months to reach COD for the full plant. This is a remarkable achievement of our team and also of our partners, and it is also evidence of the speed of deployment possible when it comes to renewables, which is a strong benefit of renewables. You will also see, based on our communicated numbers, the D&C margin that was communicated when we started the project was sufficient to cover the 40% equity stake that we currently have sold down to in the project. We are also, from that point of view, capital neutral. This is obviously before the additional value capture that we have achieved through strong and disciplined execution and the ability to also release contingency and reduce costs in the project. Looking forward, our intention is to apply the same model and the same approach to the next three projects that we have secured in Egypt. These projects are, first of all, what we call the Dandara project, the project with Aluminium Company of Egypt, which is in principle a copy of the Obelisk project, 1.1 GW and 200 MWh of batteries, where we will deliver energy to Aluminium Company of Egypt, which is the largest aluminum producer in Egypt and the largest energy consumer in Egypt. This is the first project, and it is the first private PPA in Egypt that also has the sovereign guarantee backing. Then we have Energy Valley, where we signed the PPA in January this year, about 2 GW of solar and 4 GWh of battery storage. This is a project where we will install battery storage at specific points in the grid where there is scarcity of grid capacity. On top of this project will also be able to deliver part of the energy on a 24/7 basis. Finally, we also have the 900MW Shadwan wind project. All of these projects, the three projects, we have an intention to reach financial close and start up construction over the next six months. This obviously represents a substantial pipeline that builds directly on the capabilities, the experiences, and the partnerships that we have been building in Egypt over the last couple of years. Power production came in at 1.1 TWh in the quarter. This is up 21% from 940 GWh in the same quarter last year. The growth is primarily driven by new projects entering operations, which contributed to 278 GWh in the quarter. Over the last 12 months, a number of projects have reached operation COD. We have Grootfontein in South Africa. We have the Mmadinare solar complex in Botswana. We have two projects in Tunisia, Sidi Bouzid and Tozeur, and obviously we also have the Obelisk project in Egypt. On the other side, we did see lower production from existing power plants in the Philippines, Ukraine, and South Africa, which partly offsets the contribution from those new projects. Turning to revenues, power production revenues came in slightly above NOK 1 billion. This represents a 4% reduction relative to the same quarter last year, after adjusting for the one-off effect that we had in the Philippines related to the tariff adjustment last year. New projects contributed then to NOK 83 million in revenues, and this was offset by a few specific non-recurring effects, especially in Ukraine and South Africa. In summary, the growth portfolio is now starting to contribute in a meaningful way. As more projects reach COD over the coming quarters, the new project contribution will continue to build, and we expect a growing and increasingly resilient generation base going forward. Let me now also make a couple of comments on our position in the Philippines through SNAP, our JV with the Aboitiz Group. In the Philippines, we delivered a good quarter, and here we continue to prove the robustness of a hydropower and battery storage portfolio that we are having here. On volumes, the generation was lower due to hydrology and the early effects of the El Niño, with power produced only at 64 GWh relative to the 106 GWh that we had in Q2 last year. But despite significant lower water inflow and generation volumes, we are still able to generate NOK 244 million in revenues in the quarter relative to the NOK 262 million in revenues that we had last year in the same quarter. We also had an EBITDA of NOK 201 million in the quarter. This speaks to the value of our flexible, diversified generation portfolio, the ancillary services position, and the merchant operations capabilities and the trading capabilities that we are having in SNAP. Ancillary services contributed to NOK 199 million in terms of revenues, while contract and spot energy revenues represented NOK 45 million. Spot prices in the quarter were significantly higher than what we had same quarter last year, with PHP 9.6/KWh relative to PHP 6/KWh last year. We are also seeing that prices in the ancillary services market continued to be strong during the quarter. Obviously, we will come back to the outlook, but the probability of a strong El Niño going into Q4 and also into 2027 is still quite high. On the other side, we also expect that prices will continue to stay elevated across both energy and ancillary services, and also by the end of the year, we are targeting to add more battery storage capacity to the portfolio. Turning to D&C, we have had very strong performance in the D&C segment in the quarter. In terms of the construction portfolio, we currently have 792 MW of solar, 77 MW of wind based on the announcement that we did yesterday evening, and 571 MWh of battery storage under construction across six markets. This is a high-quality and well-diversified portfolio. On financial performance, we delivered a D&C gross margin of 24%, including the contingency release in Obelisk, and with the underlying margin still at a solid 11%. On product milestones, Obelisk Phase 2, Rio Urucuia, and also Magat BESS 2 all reached commercial operation during the quarter, while Sidi Bouzid 2 in Tunisia and Urleasca in Romania have started construction, adding 120 MW of solar and 77 MW of wind to our construction portfolio. The remaining contract portfolio has a value of NOK 3.8 billion, so we still have significant secured revenue outlook in the D&C segment, and we continue to expect 10%-12% at least gross margins across the portfolio. Looking ahead now, we expect Mogobe BESS and Binga BESS, so the two BESS projects in South Africa and in the Philippines, to reach commercial operation by the end of this year, with four additional projects to follow in the first half of 2027 across the Philippines, Colombia, and also South Africa. I am very pleased by the construction progress of the projects across our portfolio, and I think our team is doing a tremendous job in keeping control and pushing these projects forward in a disciplined way. Let me also now walk you through our growth portfolio. We now have reached 5.7 GW of generation capacity in operation, and this is following the completion of Obelisk and Rio Urucuia, and this is up from 5 GW just one quarter ago. We now have 0.9 GW under construction and a backlog of 5.8 GW. Together, this gives us a near-term portfolio of 12.3 GW, representing a more than 100% growth that we target to realize over the next two to three years in terms of generation portfolio. On battery storage, the growth is even more striking. We have 1.4 GWh in operation and 0.6 GWh in construction. On top of this, we have a backlog of 4.8 GWh. This brings the near-term portfolio in terms of battery storage to 6.8 GWh, and this is almost five times what we have in operation today. This reflects the strategic importance and competitiveness of battery storage in the power systems, and it will represent an important value creation tool and area for us going forward. Behind this near-term portfolio, we also have a pipeline of 5.9 GW of generation capacity, and we also have a pipeline of 2.4 GWh of additional storage. This provides further growth potential and visibility beyond our backlog. Obviously behind this again, we continue to work actively on new project opportunities across our markets. As I said, we target to realize the projects under construction and in backlog over the next two to three years. They are all meeting our hurdles, and they have attractive returns and margins and can be realized in a capital-efficient manner based on the integrated model that I have already talked about. Now let's take a look at what we are doing in Romania. Romania is emerging as a very promising growth market for renewables. I want to take you through some of the rationale behind our investments there. Firstly, Romania represents a market with attractive renewables growth potential. The market currently has strong tailwinds and significant renewable energy targets of in the range of 8 GW. The drivers for renewable energy growth in the market is obviously increasing electrification, the fact that they are phasing down and have a target to phase down on coal. They have a dedicated CFD scheme, contract for differences scheme, for renewables, and this is a scheme which is being backed by the EU and funded by the EU. On top of this, there are also incentives for storage. Secondly, the market offers contracted and predictable long-term revenues. The CFD scheme enable long-term cash flows in hard currency, and this obviously enables us to use our traditional model and secure non-recourse project finance backing these projects. We are also able to implement our traditional integrated model so that we can also over time capture value through D&C and other services. Finally, Romania also offers opportunities for additional value creation beyond the contracted cash flows. In Romania, there is a merchant energy market with attractive prices and, in addition, price volatility across both the energy sales and also across ancillary services. We can capture value from this based on a flexible and diversified portfolio of solar, wind, and battery storage. Battery here is an essential element to the total portfolio. Obviously, our experience also with operating in merchant markets that we have, for instance, from the Philippines, is also something that we can transfer into upcoming growth markets like this one in Romania. Now we have three projects in Romania. We have Dobrun and Sadova, 190 MW of solar, and Urleasca wind of 77 MW of wind that we already have in construction. Today, we are also announcing that we have included Bucium, a BESS project of 178 GWh, into our backlog, which we will also target to move into construction relatively soon. This comprises a portfolio of projects with attractive contracted long-term revenues. At the same time as we have the flexibility in the portfolio to protect ourselves from downside and to capture upsides in the energy market based on volatility of prices. This forms a strong initial platform for further growth in a market where we see significant opportunities for further value creation going forward. With that, I will hand over to Hans Jakob to take us through the financials. Thank you, Terje. We delivered strong results across the group with high D&C activity in a good quarter, also in the Philippines. I will walk you through the group financials and the performance of our operating segments, and I will also cover the improvements in our capital structure. Looking at the quarter on group level, we continue to generate solid revenues from our D&C activity with positive effect on proportionate financials. Consolidated revenue was NOK 1.37 billion compared to NOK 1.3 billion in the same quarter last year. This includes NOK 255 million in construction revenues related to our Lyra JV in South Africa, which has a lower EBITDA margin than our power producing assets. EBITDA reached NOK 824 million compared to NOK 1 billion. The change is mainly driven by a one-off effect in the Philippines in the same quarter last year. Our proportionate revenues was NOK 2.3 billion, in line with the same quarter last year, and the proportionate EBITDA was NOK 1 billion compared to NOK 1.1 billion year-on-year. Let me take you through the segments. Starting with power production. We delivered revenues of NOK 1 billion compared to NOK 1.3 billion in the same quarter last year. This was mainly explained by the one-off in the Philippines of NOK 231 million last year, related to the new ancillary services tariff. The EBITDA was NOK 805 million, and for the last 12 months, we have delivered NOK 4.2 billion in revenues and NOK 3.2 billion in EBITDA. The difference is mainly explained by the reduced revenues from divested assets and the one-off in the Philippines. Overall, we are very pleased with the value generated from our operating assets. Moving to development and construction. We have high activity and the proportionate revenue was NOK 1.2 billion compared to NOK 976 million last year. EBITDA was NOK 234 million compared to NOK 49 million. This was driven by NOK 160 million contingency release from Obelisk Phase 2. The contingency release is a result of timely and cost-efficient execution of the project. The trend from the last 12 months confirmed the long-term strength and scalability of our D&C business. D&C revenues the last 12 months was NOK 6 billion, with a steady increase over the last five quarters. Rolling EBITDA ended at NOK 720 million, with a contribution from high-margin projects, contingencies, and what I call disciplined cost control. Looking at free cash on group level, free cash position ended at NOK 1.6 billion in the quarter due to the following movements. We received NOK 334 million in distributions from power plants, generated NOK 211 million EBITDA from D&C and corporate, had NOK 873 million of reversal of working capital, mainly related to Obelisk, and paid NOK 215 million of interest. At the end of the quarter, we have invested approximately NOK 800 million of equity in our growth projects. We have also increased our RCF from $230 million to $350 million at improved terms. The increased limit provides a solid liquidity buffer and will support the execution of our record high near-term growth portfolio across geographies. Following the new RCF, we have a total available liquidity of NOK 5.1 billion, which provides a solid buffer to deliver on these strategic targets. I would like to add a thanks to the banks for the cooperation. Looking at proportionate net debt, first starting with the gross corporate debt, that was reduced to NOK 6.4 billion, while the net interest-bearing debt increased due to the reduction of cash, mainly driven by changes in working capital and investments. Over time, we have significantly reduced the debt on corporate level to increase financial flexibility and reduce interest costs. On project level, gross debt increased by NOK 100 million to NOK 19.6 billion due to new growth projects. Net debt for projects under operation was reduced by NOK 200 million, and net debt for project under construction increased by NOK 200 million, and the cash held at SPV increased by NOK 200 million to NOK 3 billion. Let me now take you through the bond refinancing activity, which is an important part of our strategy to strengthen the balance sheet and reduce financing costs over time. As you can see from the chart, we currently have four outstanding corporate bonds. SCATC 04 matures in 2027 and carries out the most expensive margin at 660 basis points over three months NIBOR. We are planning to refinance this bond with a new expected NOK 1 billion bond issue, which will extend our maturity profile to 2031 and at improved margins. This is a rather straightforward and value-creating transaction as we are replacing our most costly debt with longer-dated financing and at better terms. The broader picture is encouraging. Looking across our bond stack, you can see a clear downward trend in financing costs as we have grown and strengthened our credit profile. SCATC 05 carries 425 basis point margin, SCATC 06 315 basis points, and SCATC 07 285 basis points. You get my point. This trend is progress that we have made by reducing also the risk and improved financial discipline. The overarching strategy is clear. Scatec is committed to reduce corporate debt and interest expenses over time, and the refinancing is a concrete step in this direction. Now, let me take you through the outlook. We are maintaining our full year EBITDA guidance. In our Power Production segment, we estimate a full year power production between 505 and 535 TWh, which is 50 GWh lower than the previous estimate due to lower expected hydrology in the Philippines. Our estimated full-year EBITDA is kept at a midpoint of NOK 375 billion, as the lower production is expected to be offset by higher reserve market prices. We have not made any adjustments to FX this quarter, as the quarterly effects are limited. For the third quarter, we expect a total power production between 1,500 and 1,600 GWh, and EBITDA in the Philippines between NOK 320 and NOK 420 million. In our D&C segment, the remaining contract value, as Terje said, is NOK 3.8 billion, primarily related to Taakadu in South Africa, Barlovento in Colombia, and Sidi Bouzid 2 in Tunisia. The estimated gross margin is unchanged at 10%-12% on average across the portfolio of projects under construction. For corporate, the expected full-year EBITDA is unchanged at negative NOK 125-NOK 135, and these estimates reflect a strong base of operating assets, high construction activity, and a healthy cost control. Then I leave it to you, Terje, to take us through the summary. Thank you, Hans Jakob. In summary, we are continuing to have an all-time high growth portfolio that we will continue to drive towards financial close and into construction. This is going to, as we have said, put us in a position to double our capacity over the next two to three years in terms of generation and increase our capacity in terms of battery storage by five times over the next two to three years. We have now, I believe, proven our execution capabilities in Egypt and across all the countries where we are operating. We are, from an execution point of view, also ready to target this portfolio and move into construction across these different projects. Finally, we have also the financial flexibility. We are continuing to strengthen our financial position and increase our financial flexibility in terms of moving forward and managing this portfolio. I believe that we are in very good position to drive now this growth going forward. Thank you. I think we will open for Q&A. Thank you, Terje, Hans Jakob. Yes, we will then open up for Q&A. We will start with questions in the room here. We have a number of questions also from our online listeners. If you would like to ask a question, just raise your hand. Yes, Andreas. Andreas Nibe Nygård, Nordea. One question on the FIDs you are expecting to reach in the second half of 2026. You are now having a NOK 3.8 billion contract backlog for D&C. If you reach FID, what are you expecting to add to this contract backlog in the second half of this year? Yeah, we haven't provided any guiding beyond the contract value. We will have to come back to more specifics. That's the short answer to that. Okay, and then a second question. For me, data centers, is that something that is currently in your pipeline? Data centers is not in the pipeline specifically, and obviously it always depends on what is included when you ask data centers is it in our pipelines. Clearly, data centers is also being planned and developed in the countries where we are operating and will contribute to the demand for renewable energy also in the markets where we are. We do absolutely see benefits also from us from the current growth in data centers on a global basis. And given that you're on the ground, for instance, in Egypt and South Africa, how have the discussions surrounding data centers evolved over the last six to 12 months, and what is the potential scale for potential clients of yours with that regard? I think we are not going to provide any speculation on that now. Obviously, as I said, we do see that data center activity is moving also in our region and in our countries, and then we will rather come back to that more specifically when there are something concrete on that. Okay. Thank you. Anyone else would like to ask a question in the room? No. Then we go over to the questions from our online listeners. We have one question about Egypt Green Hydrogen. What is the latest on Egypt Green Hydrogen? When is an FID expected and are you on schedule for the deliveries planned under the H2Global mechanism? Yes, on the EGH project, together with our partner Ferroglobe, we have everything prepared for that project, and we are now awaiting certain clarifications in terms of regulations from the EU. Subject to getting those, we will be able to move forward, and we will also be able to meet the contract obligations that Ferroglobe has towards H2Global. A question about El Niño in the Philippines. Can you talk about the expected impact of El Niño and potentially super El Niño on the Philippines business and other geographies such as Brazil? Thank you. Yeah. I think all our current perspectives on El Niño and weather in general are included in our outlook and our guidance in terms of what we are seeing going forward. As we've said in the presentation today, the probability of a strong El Niño towards the end of this year and beginning of next year is still high. But also as we have been presented, when it comes to the Philippines, we have a technology portfolio and there is flexibility in terms of how we operate in that market, so there are other ways of managing that portfolio. Thank you, Terje. Two questions from Jørgen Lande. Good morning. With the Obelisk project delivered well into Q3, should we expect further contingency releases also in Q3? Yeah, obviously, this is our Q2 report, and we released quite a lot of contingencies now at the end of Q2, but we were still not finished with the project at the end of Q2. Whether or not there will be any additional, that's subject to completing the project and having no surprises now towards the end. Another one about Egypt. Good morning. With the Obelisk project now delivered, your construction team in Egypt is idle. What are the remaining factors to decide on before you can start construction on Energy Valley and/or Egypt Aluminium? From a permitting point of view and from securing everything that we need to move forward on those projects, everything is in place. What we are currently obviously working on now is preparing the EPC part, the execution part, as well as completing the processes with the lending banks to make sure that we get through and finalize all agreements with the lenders, that we finalize the DD with the lenders, due diligence with the lenders. That is a certain process that we need to get through. Some of the lenders also have disclosure periods that we have to wait for. So once all of these things, which I consider more of administrative activities, given that we have been through them many times before, we will be ready to reach financial close. As I've said, we expect that to happen for all these three projects over the next six months. Two questions from Hannes Sagaya. Given the increase in consolidated net interest-bearing debt, and the decline in total liquidity on a consolidated basis, can you provide more detail on the expected trajectory of net debt and liquidity over the second half of 2026, including contribution from project distributions, working capital, and potential asset rotations? Yeah. I think I will repeat what I said in the first quarter, that this will vary over time as the activity is high. Overall, we have a strong liquidity position, and we also have the increased RCF. But the trend is the debt has been reduced over time, but NIBD will vary also with cash and working capital, as happened in this quarter. Could you walk us through the accounting of the Lyra construction contract? So we included NOK 255 million of revenues in the consolidated accounts. Just explain a bit of the effects there. Yeah. Lyra is not a consolidated entity, so when it's not a consolidated entity, the revenues under the EPC contract is then recognized in the consolidated accounts. Unfortunately, according to IFRS, we are not able to include 100% of the margin in the consolidated accounts. This is specific. So we can only recognize 50% of the margin in the consolidated accounts, according to IFRS. This is something for the ones that are deep into accounting. One question on Colombia. What is your take on the new administration in Colombia? Do you anticipate any change in energy policy? I am not going to comment on policy changes in Colombia now. I think it is too early. But so far we have not seen any indications of change there. Yeah. There is another one also connected to this Taakadu project. I can just confirm that the cost of sales that we have in the consolidated is related to the Taakadu project. Yeah. That was the question. With that, we have been through all the questions. I think then we end the presentation and thank everyone for listening. Thank you. Thank you. Thank you.