核电领域也取得标志性进展。1月1日，中核集团漳州核电2号机组投入商业运行，标志着采用我国自主 三代核电技术"华龙一号"的漳州核电一期工程全面建成投产。这是"十五五"开局之年我国首台建成投产 的核电机组。这些项目对优化区域能源结构、改善生态环境具有重要意义。 "清洁能源项目投产后形成的供应能力，能够优化能源供给结构，保障能源安全稳定，为实体经济发展 提供可靠的能源支撑。"国研新经济研究院创始院长朱克力对证券时报记者表示。 "十五五"开局之际，多个中央企业牵头建设的重要清洁能源项目密集投产，展现了我国强化"双碳"引 领、推动能源转型的积极进展。与此同时，多家中央企业近期积极与地方政府等开展会谈交流，"沙戈 荒"新能源基地、绿色转型等成为高频关键词。 重大清洁能源项目 密集投产 1月7日，我国水深最深的海上风电项目——华能山东半岛北L场址海上风电项目并网发电，标志着我国 商运海上风电在深远海领域实现新突破。据介绍，该项目年发电量约17亿千瓦时，每年可节约标准煤约 50万吨。 除了海上风电向深远海迈进，陆上新能源基地建设同样加速。华能集团在内蒙古的两个大型风电项目于 1月初实现全容量投产或全面并网。其中，华能赤峰市2 ...

Financial Data and Key Metrics Changes - The company reported a portfolio growth of 65% over the last twelve months and 7% over the last quarter, reaching a total of eight gigawatts, with a goal of 10 gigawatts by the end of 2025 [1] - The cash balance at the end of Q2 was approximately NOK 373 million, with zero debt and a strong cash position [7][40] - The average annual return on equity since 2020 has been 22%, with a capital distribution program that includes dividends and share buybacks [7][8] Business Line Data and Key Metrics Changes - The portfolio in Italy grew by 125% during the quarter, reaching close to 450 megawatts [2] - The company has initiated a new sales process for a combined 500 megawatts of onshore wind and solar projects in South Africa [3] - The company is focusing on battery energy storage systems (BESS) and expects to see high returns on best projects, trading above €200,000 per megawatt [9][41] Market Data and Key Metrics Changes - In Sweden, there were 500 hours of negative prices in Q2, with expectations of 2,000 hours annually, creating opportunities for best projects [4] - Wholesale prices in the Nordics are currently the lowest in Europe, returning to levels seen in 2020 due to various factors including weather and demand [5] - The data center market in the Nordics is projected to consume 62 terawatt-hours by 2050, indicating strong future demand [27] Company Strategy and Development Direction - The company maintains an asset-light business model with a focus on project development rather than construction, aiming for a five times return on projects [7][14] - There is a strong emphasis on early sales and maintaining a robust cash position to negotiate effectively with clients [14][16] - The company is exploring new markets while being cautious about entering new territories without established sales [39] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong regulatory support for renewable energy in Europe, particularly in Germany and Italy, which is expected to drive growth [6] - The company anticipates signing numerous new projects in Italy and Germany, as well as continued growth in South Africa [11][20] - Management expressed optimism about the sales process and the potential for high returns in the onshore wind market in South Africa [34] Other Important Information - The company has completed the transition to become 100% renewable by selling its remaining shares in Hermana Holding [1] - There are ongoing discussions regarding grid agreements and project developments in various markets, including Germany and the UK [19][30] - The company is assessing data center opportunities that align with its existing portfolio, indicating a strategic fit for future growth [26][29] Q&A Session Summary Question: What is the outlook for the company's growth in new markets? - Management indicated a cautious approach to entering new markets, focusing on securing sales in established markets first [39] Question: How does the company plan to manage costs moving forward? - The company is closely tracking costs and expects improved supply chain conditions to ease expenses [40] Question: What are the expectations for project development in Germany? - Management noted strong interest from major clients in Germany and the potential for significant project development due to high electricity prices [31][32]