Investment Company Overview - The Company successfully issued EUR 14.346 million bonds under its 2025/2026 retail bond programme and EUR 0.416 million bonds under its 2025/2027 green bond wholesale programme in October [2] - An additional issuance of EUR 8.329 million bonds under the 2025/2026 retail bond programme was completed in December [2] Bond Redemption and Maturity Extension - Proceeds from the bond issuances were used to redeem outstanding green bonds from the 2021/2025 green bond programme, with 50% of the nominal value, amounting to EUR 20.747 million, redeemed on 15 December [3] - The maturity of the remaining bonds under the 2021/2025 programme was extended to 15 June 2026, with an increased coupon rate of 8.5% [3] Solar Projects - PV Energy Projects sp. z o.o has 49.8 MW of operational projects, with the remaining portfolio expected to be energized by December 2026 [4] - PL SUN sp. z o.o has 66.6 MW of operational projects, with remaining projects planned for energization in Q1–Q2 2026; a EUR 53.5 million refinancing facility was secured from mBank and BOŚ banks in December [4] Wind Projects - A 132 MW wind farm developed under Zaļais Spēks SIA was successfully divested in December [5] - Construction of a 112 MW wind farm under Zala Elektrība SIA is on schedule, with foundation works and turbine delivery planned for Q2 2026; a EUR 92 million project financing facility was secured from multiple banks in October [5] Hybrid Projects - A 45 MW wind and 9 MW BESS hybrid project developed under UAB "PV Holding" was successfully divested in December [6] - The portfolios of UAB "Ekoelektra" and UAB "JTPG" are nearing completion, with final building permits expected in early 2026 [6]