Hello, everybody. As usual, I'm joined by João Manso Neto, the CEO of Greenvolt, and we have a few other people in the room that will help with the presentation and with the answers that you may have. So without any further delay, João. Okay. Thank you very much, Ana. So the idea today would be not only to present the corporate results, but also to give you to share with you our the way we are seeing the market and the way under which strategically we position ourselves. So in terms of the market evolution, from one side, very clear, renewables are needed more and more because of environmental and affordability issues. And in this context, I would say that the weight of wind tends to be valued in relative terms. On the other hand, notwithstanding the efforts from some of the governments, permitting continues to be the main bottleneck for expanding renewables. That means that those who have expertise in development, and we all are involved in DG, have a strong advantage, because in the end of the day, DG is clearly a much faster track. And we can never forget that the European Commission considers, expects that DG, Distributed Generation, can represent about 25% of the electricity consumption in Europe, so not a minor thing. Fourth conclusion, fourth insight about the market is that, with expansion of renewables, namely solar PV, storage, and the need for flexibility is more and more important. So we cannot just think storage as a nice to have, but as a sustainable and very important area of equilibrium of the system. And finally, just to remember that sustainable biomass is really the only affordable baseline renewable technology, which is really a big advantage, which is very often overlooked. So with this in this market context, what has Greenvolt been doing? Very clear. From one side, expanding the advanced portfolio. Now we have a portfolio of about probability weighted of about 9.3 GW, from which 3.6 GW is already Ready to Build now, and in the end of the year, we expect to raise this number for 4 GW. So again, as we've speaking several times, we are not speaking about wind farm pipelines, but pipelines which have a very short time to market. And in the 2025, as we'll see, will be about 5 GW, more than 6 GW. So I would say two-thirds of the pipeline will be Ready to Build until the end of 2025, but now already 3.6 GW. Storage has been an area of deep development, and speaking about very tangible things, we have already Ready to Build and contracted or advanced or contracting a large extent, about 1.6 GW in three countries. And you will see, we intend to begin the construction of about more than 500 MW of storage this year. And we have, we said that we expect to have 500 MW sold until the end of the year. Until now, we sold 153 MW in Italy at a very reasonable price, an interesting price, I would say, being Ready to Build, and we expect we have another five portfolio for sale, and we expect about three of them to be sold this year. As I just referred, we consider biomass as a very important and distinctive area, the sustainable biomass, because it's renewable and because it's base- load, and we are in the process of acquisition of Kent, second plant in U.K., which together will deliver, which create the which reinforce the second place, the first one in Portugal, the second now U.K. DG, the prospects of a profitable growth in short- term are reinforced. We have about 311 MW backlog. Backlog means signed agreement, and we expect so that gradually those MW will be installed, and besides the origination of new ones. As you know, we strengthened the capital with EUR 200 million convertible of KKR. So, if you join the first map in which I show the prospects of the market with what we've been doing, you see a perfect match that strategically the company is on the right track, investing and growing where it makes sense. First half results are expected, so they in the quarter with practically no asset rotation in this quarter. And I would say that the results that appear are only EUR 26 million for the six months, which is a number which is not representative and reflects precisely, mainly the main reasons, not the lack of asset rotation. On top of that, we had lower prices in U.K. than the previous year, and as you know, there is a ramp-up process in DG. But everything is normal. In the moment of growth, of the strong growth of the company and with no asset rotation results, I would say the results are difficult. It would be difficult to do much different from this. Expected rotation, going to expected results. Going in a bit more detail in page 11. So as I told you, this is, they are expected results in a period of strong growth. As you can see, revenues, pipeline, backlog, everything is growing. However, a capital increase occurred, a strong, lines available, mainly in terms of guarantees. But with all this, with this all this growth, which require, strong CapEx, we have already, we're having this moment about 800 MW of, project in construction with no asset rotation, with, six of our, platforms of DG in the phase of ramp- up. It's normal that the EBITDA is, only EUR 26.6 million, and we had a net loss in this period. But again, this is something which is normal, expected, and, we keep, as we assume, and we are in, strongly convinced that we'll be able to increase the asset rotations already this year to reach the objective. I would say that these results are not representative, not only of the job of the company, but inclusively of the, of the results that will present until the June, in the end of the year. Ana will now help me in terms of explaining it more details. Thank you, João. So on slide nine, we have this graph with the revenues evolution. I think the most important part is you have that all the segments are in green, which means that they're all contributing positively to the increase in revenues. I mean, it kind of goes to show that we're doing what we need to do, and we're able to increase the business and increase the revenues. The increase in Utility-Scale is quite big because there was a... If you remember correctly, we have more than 50% of a company in Poland, and we had to change the methodology to account the assets from this company. And because of that, revenues increased, and so did costs. But I think the most important point is to say that all the businesses are increasing in revenues, and that's a positive thing. Moving on to EBITDA. I mean, in EBITDA, the delta in each of the segments is negative. We wish it would have been positive already, but there's good reasons for this not to happen. In biomass, the most important is the fact that the prices of the pool of the U.K. continue to come down versus the previous year, which means that it becomes much more difficult to increase EBITDA. And there was also a slight impact in Portugal regarding the quality of the biomass that we use to produce electricity. In Utility-Scale, the main reason is the fact that, as João said, we didn't sign any sales agreements during this first semester. And therefore, when you compare the first semester of 2023 with the first semester of 2024, this lack of new asset rotations has a big impact in the evolution of EBITDA. And finally, DG, also as João said, Greenvolt is already in 12 countries, of which six of these countries, we're still in a very much ramp-up phase, almost starting, which means lots of costs and less business yet, because we need to look for the business. But we're quite convinced that this is going to change as these businesses become more mature, as is happening in places like Ireland, where the company is well established, and it's already producing a very positive EBITDA. Moving on to the business evolution. Regarding business evolution, you have here the main highlights. Biomass, there was a reduction of about 15%, which has to do main reason, as Ana, myself, we talked, was the price in the U.K. They are not low, but last year were much higher. Important in terms of U.K., is that the level of availability was strong in this semester. Now, as we are speaking, we are making an important investment. It's not material from a financial point of view, but it's important in the sense that the replacement of the two of the super heaters will give us, on the short, medium term, improved levels of availability. Again, we are very satisfied with the evolution of this plant. As I told you, we are in the process of acquiring a second plant in the same region, which gives us clear synergies of scale. In Portugal, the results were also slightly lower than last year, two kind of reasons. There was the humidity and the lower quality of, in terms of capacity of generate steam, heat, in terms of the plants in Portugal, because of the humid winter we had. But on top of that, we had a plant stoppage in Ródão and the stoppage of Mortágua, which is today the old Mortágua, which made already 35 years, ceased to operate, and this was completely forecast for the moment. Nevertheless, you see high levels of availability in the whole of the plant. So as you know, this is a system, and of course, it is run very stable with tariff increasing with inflation and with long-term agreements in terms of supply. And what you have seen is that there is no spikes in terms of supply. There is a basic equilibrium in the market. In the following page, we have here more details. You can see again strong availability. Year-to-year, we had to do a lot with TGP, high- load factors, so 80, 80, almost 85%. And then, as I told you, we expect that mainly in the UK case, that will be improved much better next year, because of the investments we are doing. With Utility-Scale, as referred, we had a reduction of EBITDA, material, about 50% less, and the explanation here is one, no others, is no asset rotation despite, because on the other side, what we have been seeing as the, some of the investments begin to act, to be in activity, and so the operation, we have already 305 MW under operating, which so the revenues from the operation, the, from the operating assets increase. They counteract a bit the asset rotation, but not having asset rotation make all the difference. Nevertheless, here, the clear signs in this area are growth in profitability, and we are quick mark-to-market process. So we have now, as I told you, about 3.6 GW already Ready to Build for the end of the year. Asset rotation is moving, as I told you. The Italian one was an interesting transaction. We sold 153 MW for EUR 18.7 million, which gives you a rough idea of 123 MW at Ready to Build, which is important being solar plants. Storage is a must. I have a slide about that, and but nevertheless, keep in mind. Finally, just a few words about MaxSolar. MaxSolar is a company which acts in three business areas. The most important is still the Utility-Scale EPCs and development. The first quarter was difficult because of weather conditions. The result, the activity was low. The second one was much better, and our expectation and the numbers I have, mainly already perfectly consolidated for the second half, not the full first half, first quarter, but for the large part of second quarter of the first quarter, the results are much better, and we expect to have a, in the, in the EBITDA of the company, a positive result in the end, in the end of the year, in terms of EBITDA. It's its own company, and we're not going to speak a lot about this, but the result, the second quarter, already better, and we'll see in the next quarters, much better. Here in the following page, we have a description of the pipeline that you have as of today, Ready to Build, 3.6 GW in the different areas of construction, from which 800 MW in the construction, which is important, and 400 MW with at least signed PPA already. Already, we signed PPAs already with delivery, which shows our ability to sell. You can see Poland is main market, strong growth also in Portugal and Spain, mainly in terms of Greece. From Portugal, a large part of it is already sold. We did it last, end of last year. This is 2025, and you can see more detailed in 2024, in 2025. I would not lose, unless you have any specific question, anything special. Regarding the storage, page 18, as you can as I told, we have about 1.6 GW Ready to Build, and our intention is to begin the construction of about 560 MW, more than 500 MW this year in Poland, with the first two projects of 200 MW each, 4-hour batteries, and which, as you know, have a 17-year contract, capacity payment. We expect Hungary, 100 MW, which subsidies to the construction and a CfD, low risk assets, 100 MW. We expect also to launch this year, and finally, two projects of about 58 MW to our batteries that are, I would say, they make fit with about 80 MW, 70-80 MW of solar PV that you have also in UK. So in the U.K., our strategy is having a very integrated approach, in which from one side, we have a block of PV plus batteries. On the other hand, we have a development of greenfield projects in the future. Hungary, as I told you, is something more autonomous, almost standalone, but it's a very de-risked activity precisely because it has a kind of safety. Italy, I have a bit more details, so you can see in the graph where we are. It's about 19 projects, 153 MW. Very important, those projects were, they originated from greenfield, so most of the proceeds to be received will be a large% of it like capital gain, precisely because these were cheap projects. So this is what the kind of transaction that we said that we will do since 2020. Finally, about the DG. So growth, in terms of pipeline, in terms of revenues, but as I told you, six geographies are still, in the ramp-up phases. Can speak one by one if you want, but just to give you an idea that, with 300 MW of, backlog, meaning signed one, I would expect a much, a bigger improvement in the second half of the year. The numbers that I've been receiving from July and August already shows that, and this is a question basically of, having the permits and put that in the field. You can say, "Well, but the permits, what's the problem having two or three months of delay of permits? There is no problem in terms of value." But if you look quarter by quarter, in a company which is beginning, six months or three months delay has impact on the results, as simple as that. So but by our belief is that, in the second half of the year, we should have a positive EBITDA, and, in the end of the year, we'll see. But my hope, my expectation is that we can reach breakeven, we'll see. But, the numbers I'm seeing for the second half are promising. And again, the fundamentals are totally clear in this area. More and more clients, more... And I'm not speaking about only small companies, big companies, big multinationals begin to look at this for the first time. You can see, well, this, this market is complete. It's not. The major companies in the world have not yet began to look at this, and we know what you're speaking about, and you are participating, as we are speaking, in very large RFPs. And the fact that we are in all these European countries give us a strong advantage. Important to know, also look at in terms of signed capacity, in terms of backlog, that the weight of PPAs is important. Another thing that we saw, and as I told, as I'm saying, we have to continue to differentiate ourselves. So PPA is a differentiation, energy community is a differentiation, but more and more, we are offering also from a systematic way things like batteries, and we continue to this path of differentiation. Finally, financials. I will ask our CFO, Miguel Valente, to cover this point. Thank you. Thank you, João. Good morning, everyone. Regarding our financial position, the previous slide. The main highlights for this first half, we need to point out the conversion of the green bond convertible bond, done in June. This result in a reduction of EUR 163 million in debt. On top of that, we must bear in mind and point out that we managed to refinance all the debt that was due to mature in 2024. Roughly EUR 114 million. In terms of bank guarantees, short-term loan lines, we have more than EUR 500 million approved lines, of which more than EUR 350 million are available to more than 65% of that cost. Key figures. So regarding cash and using credit lines and cash-like items, so basically our liquidity position amounts to EUR 425 million. In terms of average life of our debt, it's pretty much the same as we showed last quarter, three years. The cost of debt is mostly in line with what we referred last quarter, 4.5%. Regarding green finance, about 1/3 of our debt, increasing debt is green. Regarding the pro forma net debt, we ended up this quarter with EUR 900 million, and the net debt last twelve months pro forma EBITDA amounts to 9.2x. If we were to consider the Pelplin project debt start injecting this month September, this ratio would decrease to about 7.9x. Moving to the next slide. On the right-hand side, we have the usual debt maturity profile graph. We keep a very stable, comfortable, and consistent debt maturity profile schedule. And on the left-hand side, we have our debt typology. Basically, the most of our debt is composed by bonds and loans, and then, of course, followed by project finance and commercial paper. Regarding interest rate exposure, due to the fact that we converted the convertible loan back in June, the fixed rate lot decreased about four basis points from 55% to 51%, but we still consider very, very comfortable position in terms of interest rate exposure. So all in all, this financing position continues to allow us to support the business plan that we have upon us. Sure. Thank you very much, Miguel. Of course, it's important that with a change of control, we were able to refinance, as Miguel said, the full debt, which shows the confidence that the banking system and the institutions have in us. On the other hand, the credit metrics are affected by the lower level of EBITDA. This is something we will change when the EBITDA begins to recover the normal way. So as a conclusion, as you know, as I explained in the beginning, the strategy is totally on track and according to the best market requirement. So we are investing in the sector, in the subsectors, which makes a difference. Then, the first half results are expected, and I would say, uneventful, almost, in terms of the strategy of the company, and for the future strategy is there. We are compatible with the market, the market needs, and on the other hand, the fact that our main, new main shareholder, KKR, the control, has today control the company, opens us the ability to have an even stronger, balance sheet and additional growth opportunities. So this is what basically I would like to share with you. So from now, I'll be delighted to answer to any questions you may have. Thank you, João. Ladies and gentlemen, the Q&A session starts now. As a reminder, if you wish to ask a question, please press star followed by five on your telephone keypad. Our first question comes from Enrico Bartoli from Mediobanca. Now, your line is open. Hi, good morning, all. Three questions on my side. First of all, if you can update us on the possible timing, the next step of the takeover bid by KKR on the free float on the stock. On the business, the first one is related to the Utility-Scale. I was wondering if you expect that EBITDA at full year level in this division, would be higher than the figure that you report in 2023? And if you can provide some details on the visibility that you have on the transactions for asset rotation that you are currently discussing. The third one is general on the business, let's say storage, storage activities are becoming more and more important in your portfolio. If you can provide some color on the markets that you think are most interesting in Europe, in terms of opportunities for this technology on top of the three where you are already present, and if you can give us some indication of the level of profitability, IRRs, that can be achieved in this business in the European market? Thank you. Okay, thank you very much. So regarding the first question about the date of the tender offer, as you know, we are not part of this process. It's a question between the regulator and KKR, but nevertheless, I would say it's a question of timing. So, and I believe, but it's an educated guess, that will occur quickly. So but nevertheless, as I've been telling you, from the fourteenth of June this year, KKR has already the majority of the board, so the main decisions are made with the backing of KKR. So let's see. I'm not so, let's see. It's always better to clarify the things, but at the end of the day, today we are a company owned by KKR in more than 80%, that the majority of the board is nominated by KKR. So I would say we are, we are already part of KKR group, in fact. So we don't expect any change after the tender in terms of the way the company acts. So again, it's always better to do it sooner than later. Agree. But is it very material for... Is it material for the day to day of the company? No, it's not. Today, we act like this. In terms of Utility-Scale, yes, we expect to have results in 2024 better than 2023, which has to do materially with the asset rotation transaction that we expect to occur until the end of the year. On the other hand, because the operational assets begin to have a certain weight. You see, as we are speaking, we have already, besides what we have here, what we had, we have already, we referred here that we had on the June 30, about 300 MW in operation. As we are speaking today, we have more. Eight. We have more 82 MW of wind in Poland already in operation. So you see, 82, 82 MW of wind in operation. It's material in terms of ordinary cash flow generation. Just to have an idea why we are so tough. From one side, asset rotations that are advanced phase of negotiations. On the other hand, more of assets in operation, and because it's already operating, we, I call it the advantage, that we have 82 MW additional already operating as we are speaking today. Regarding storage, let's see. This is with the expansion mainly of solar, the storage at the mast. Storage is not the solution for everything, but it's very, very important in terms of solving the day-to-day imbalance. And here, our approach was double. From one side, in the country, Dimitri, believing along the... It's talking long- term, which is okay. We decide to have a portfolio balance, meaning PV plus batteries, and here, this is a consolidated market in which we have, we'll have a merchant hedging for a long, for a long time, a 12-year market hedging that we are negotiating. In the case of Hungary and Poland, it's a different, completely different story because there are markets where the solar is getting more and more important, but they have no storage, and they're very clearly, there is a first mover advantage, and we expect, mainly in Poland, to benefit strongly from our first mover advantage. If you ask me what the profitability, I would say double- digit. In all of the markets, namely in Poland, double- digits. Equity IRR, double- digit. One thing which is interesting, that as we are, protected in them one way or another, all the projects will tap project finance rather easily. Sorry, just to follow- up on the project IRR, you can give us some kind of figure? I gave you the equity IRR, didn't I? So I gave it- Okay. Double- digits. Strong double- digits. Okay, thank you. The Project IRR, not so strong by definition, but all of them clearly double- digits. Okay, thank you very much. More things? Ladies and gentlemen, please be reminded that in order to be able to ask a question, you must press the star key followed by five on your telephone keypad. The next question comes from Jorge Guimarães from JB Capital. Now your line is open. Hi, good morning. Thank you for taking my questions. I have two. One is related to the status of the build to sell project that you mentioned. When you say news until the year- end, when you expect more and more precisely the news flow? And the second is, if you can. Some competitors of yours are providing very bullish comments about CapEx costs for storage. And I'm talking about Gre nergy yesterday, here in Spain. So can you elaborate on that? Are we really seeing a reduction in CapEx costs for storage that is about to make standalone batteries profitable in markets such as Spain, or we are not there yet? Thank you very much. Let's see. The projects that we are having for sale, I believe we have five in operation, and we have three non-binding offers, and the others are organized process. But let's see, I believe that you, in fact, we have four non-binding offers in this moment. We have four non-binding offers. So our expectation that we should be able to to conclude about three this year. Let's see, and that's the expectation, really. So those are basically concentrated in three geographies. Okay, so I confirm that we expect to reach 500 MW, and again, we have four non-binding offers in this moment. Regarding the CapEx, let's see, the CapEx are in terms of megawatt hour. I confirm that we are moving towards levels of EUR 100 per MWh. But again, I would say that depends on a bit on the countries, what we expect, that as you have a very large portfolio to contract, we expect to have important reductions in prices. And so the numbers I've been seeing, mainly from Gren ergy, I'm not surprised with them, and being ourselves with a huge portfolio that we can negotiate in package, I'm very optimistic about that. Different story is that if a project can be profitable only based on market, and my view is that, no. I think that, I say, as you know, we have basically, theoretically, three sources of income. One is service, frequency services. Another was also ancillary, ancillary services. Second one is arbitrage, the first one is capacity payment. I think we need at least two of them to make the profit, the projects profit. Just think that arbitrage is enough, I doubt. Really, I really doubt. So I think we need them. So when we look at the country, we normally look at countries in which at least two of the three conditions are met, and that's the case of all the projects where we are. In particular, I call your attention that Hungary is the most de-risked, although I believe that Poland is the most profitable, precisely because in here, the first move advantage is very important. So we have been able to choose these countries. U.K., because of the portfolio effect that I had already explained. The other two countries in which it's needed, no other place for the moment. So were our first choices, but we are looking also to other markets where we are already. So introduce storage in a stable portfolio makes, I would say, not only makes sense, but it's a must if you want to have a, a balanced portfolio. I don't know if that answers everything. Yes. Thank you very much. There are no further questions from the conference call. We will start now with the written questions. Our first question comes from Josephine Platt, from CNBC. Could you share more details about the personnel and management structures that you have in place to support the growth of the Distributed Generation sector? Thank you. Okay, thank you very much for the question. So, in terms of the Distributed Generation sector, we have, centrally, not either in the holding company or in the biggest country companies which are portfolio, centralized areas like finance, like, more deep engineering, in which we have, like, IT, in which we support all the subsidiaries. On the other- but in terms of, commercial, in terms of operations, in terms of, project engineering, we have to have local people there. So I would say we are, in the geographies we are, we have a mix between centralizing the things that can be with advantage, centralized, but in terms of the field, we must have local people and commercial, things which are very local. So we cannot have, for instance, try to be commercially centralized. Actually, we can centralize a few large accounts. You can, you should, but if you speak about a local company, you have to have local people. And the same with operation. You have to pay people who are able to know the legislation, who knows the market, who interacts with the installers. So we have this kind of mix between the two. Again, we are very strongly convinced that the results at the end of the year will be completely different from what you are seeing today. What I'm seeing already in numbers from July and sometimes August are very different from what I've seen. Other, in certain countries, there was very positive events. Recently, for instance, Greece, which had a legislation. They changed the legislation, but we had months without a new one, which was approved in the end of. Already in the beginning of September. So then I could give you more examples, but so the movement is there. Can take more time or less time. As I explained before, the permitting can take three months, can take six months. This is nothing, but when you are beginning from scratch, it's a lot. As soon as you begin having a pile of PPAs, of revenues, a three months delay has no importance at all. In this first moment, seems to make a difference. In value, in fact, it does not. It's beginning today or beginning in three months time, in terms of value, it's nothing. In terms of the P&L of the quarter, is everything. I don't know if I answered the question, but I believe it's okay. Okay, first question. The next question comes from Ivan Martos, from Forward Capital. First question: KKR has significantly increased its ownership during the year, positively impacting the company's prospects and growth opportunities. Could you elaborate a bit on the common initiatives and how the partnership developed with KKR so far? And the second question is: The company expects improved result for 2024. Could you elaborate a bit on how the outlook is expected to play out in the different segments, and where do you see the main sources of the value development versus first half 2023? Any color you could share on commercial momentum in the three quarters? Thank you. So the support of KKR, one, which is already seen, is that they made a capital increase through the conversion. So in terms of strength, the balance sheet was the first, I would say, the first move. But besides that, we expect, not expect, we are doing also some kind of cross-selling of other our products with others. I don't want to think about things which are not yet done, but one of the things, one of the areas in which we begin to cooperate on, very specific and with results, are what is precisely DG. As you know, KKR have investments and controlling interest in very, in several areas, from investor, from industry to real estate. And we have began, and we've signed already the first agreement with a KKR, a KKR group company, which already signed. We will disclose the name whenever it makes sense, not now. But we have the first area of development is really cross-selling our products on a multinational approach, the product. But so this is what was done. In the future, I would say that access to different forms of capital, it's very likely, and I believe that KKR will support us on that. But besides that, I see many others opportunities, and it's just a question of thinking. For instance, in terms of global procurement, could make sense because KKR are very many companies, and even if decisions are taken decentralized, on a decentralized way, being, having a label of a KKR Group company gives us a different strength in terms of proper equipment. So I would say not only financial reinforcement. Looking to the future, not only financial reinforcement, additional financial sources, but selling our products to our different company. And when I speak about product, it can be DG, it can be Utility- Scale. So because as you know, KKR has different pockets of this. And finally, even in terms of, I see lots of things. So I'd say that the prospects are enormous, not only for the future, some of them already materialized, but that will continue to be done gradually. But we are not waiting for the future, we have already began. Regarding the second half, I would say, I would expect that biomass can be more or less the same levels or even a bit low, because, as I told you, we have one month stoppage in TGP because of the replacement of two of the separators. That will have a very strong impact, positive in 2025. But in the third quarter of 2024, we have an impact, because if it stops, it's not working, but we cannot invest with the things moving. So the other, I would say, Utility- Scale will be much better because, as I told, from one side, operational assets, but fundamentally, because of assets rotation. In terms of Utility- Scale, as I... Clearly, Utility- Scale will do much better. In terms of DG, as I told you, with this backlog, and as we begin to installing this backlog, backlog means agreement signed, the results will be completely different. When I spoke with the Utility- Scale, I spoke about asset rotation is very important, but as I referred in my presentation, don't forget the weight of, of also MaxSolar, which tend to be a positive impact. So end of the day, biomass should be more or less same level because of this stoppage. It's true that, when we acquire Kent, it will contract this, but I will say nothing, not here, very different here. But Utility- Scale, yes, operation and Utility- Scale, and the asset rotation. DG, yes, with a much higher level of activity, which is not a wish. It's just putting in place what you have already contracted. The next question comes from Matteo Allievi from Thomson Reuters. The question is: Do you expect to reach a positive EBITDA for first year's result, 2024 for the whole group? What about net profit? Can you give us a bit more color about the sectors across the second half, please? Of course. As I told you, we expect a much better result in 2024, better than last year. So we expect a strong EBITDA in the second half of the year. Namely in the fourth quarter of 2024. Yes. Because of the reasons, I'm not going to repeat business line by business line. I can, but perhaps it will be not necessary. So we expect, yes, we'll have it. Positive strong EBITDA, and I would say will be and a positive result, I would say. The amount you see, we can speak, say EUR 90 million is an important number, but it's perfectly contracted by the possible, the expected asset rotation. There is plus operational performance, plus DG changing the results of this. So I would say expected, right? We are in the right direction. Results in the second half, on the second half, second quarter were expected, but when we are on the right side and when we have the next, the balance sheet, which is required, and with the support of KKR, that is still reinforced. It's not being optimistic, it's being realistic. Projecting the results for the full year of tw- of the second half, of the first half of the year, it's a mistake, a gross mistake. The next question comes from the conference. Comes from Enrico Bartoli from Mediobanca. Now your line is open. Hi, sorry. I have a quick follow-up on your answer regarding storage. If I took it well, you indicated that more or less EUR 100 per kWh in terms of unit CapEx is something reasonable. That includes only the batteries or this can be assumed as a unit CapEx for the overall project? And also, I was wondering, in addition to the three markets where you operate at the moment, do you think that there are additional markets in Europe that are evolving in terms of market conditions, in terms of regulation, that could become interesting going forward for Greenvolt? Thank you. So the number I gave you is just the batteries. That all in all, I would say we can reach numbers perhaps for a four-hour batteries, we can reach numbers that we just... Because I'm always afraid of forgetting, but for a four-hour battery, today, I would expect all-in costs, with transformers, with the civil construction, with all this, I will expect numbers below 700,000 per MW. All four hours. If it's two hours, it's much lower, okay? So the number that I gave you, that was referred at about EUR 100 per MWh. It's only the battery. If you... In terms of megawatt for four hours, I would expect the numbers of, including everything, including civil construction, contingencies, all those things, below 700,000. Okay, so regarding, let me know if I was clear. Yeah. Yes. Second question, if there are markets, yes, and I think, I don't want to disclose it now, but we are working on having options in other markets where we are already. But again, it's a question of looking at the structure of the generation. In countries where we have lots of solar, it's obvious in those cases that batteries are a need for today. And so it's a question of the government want it or not want it to support, which mainly through auctions, this kind of products. So again, it's a question sometimes of understanding from the side of the government what is obvious. Very often, the government wants to promote, and sometimes they support renewables, but what is really needed today is a support through capacity payments for, or other subsidies for batteries. Thanks a lot. There are no further questions, so I will hand over the session to Mr. João Manso Neto, CEO of Greenvolt. Now, your line is open. Ceci, I'm not going to repeat myself, so thank you very much for attending, and again, very important, we have to understand the trends of the market. We have to understand how does Greenvolt fit with it. As I tried to show, we fit it perfectly, and that the results of this quarter, this half, are expected, but clearly, we are. We keep the prospect of a stronger year in 2024 and 2023, but which is normal and which is a consequence of our strategy, so thank you very much for attending, and we'll keep in touch. Thank you very much. Thank you. Bye.