Tara Teppo

So the financing service that we bring, so the deals that we originate become investable deal flow for us.

Let's use a real example.

That's too small of a project.

Yeah.

So let's say that they have a ground heat project and that's going to be 1 million euros to sort of carry that out.

So what they do is through the marketplace, they sort of accept the deal that, okay, this is the provider that we're going to go for.

And then they submit a financing request.

If we find that this project is interesting and we decide, okay, we want to invest into this project.

So we...

invest the one million euros um to make that project happen you know whether we get like what though you're buying equity in the housing company or what do you mean invest no no we we own the actual sort of ground heat project so okay so you'll own that ground we own that project so it's sort of housing complex yes so so um

So we own the actual energy project on the housing company land.

So they make a subscription agreement, a service agreement with us.

It's – well, it depends –

on the over how many years we want to do this, but usually the payback times for these are six to seven years.

And it depends, obviously, of course, how much sort of debt leverage we're able to get on that.

Well,

Well, in the beginning, we're making that in equity, and then we're going to refinance it to sort of bring that debt component there.

Because these are very low-risk... First of all, these are very low-risk clients.

housing companies, uh, in Finland.

Uh, I mean, these are private, private housing companies.