Tara Teppo

So, um, um, so, uh, these are very, uh, you know, you can bring probably in the beginning, like 50, 50, um, 50 equity lending, um, or, you know, even sort of more.

Um, but so it really depends what sort of a, um, um, debt ratio we able to sort of get into that.

And this is, this is a business that we don't have right now.

This is what we planning to do.

So just to sort of,

But basically, just to sort of say, so currently these companies, these housing companies, they are connected to the district heating network.

So they spend 20 to 30,000 euros a year to heat that house or more, depending on the area where they are.

um i mean okay this is probably sort of a low end of that but i mean this is this is sort of um the ground heat projects are actually much more profitable than the district heating projects so this is exactly sort of um the angle that we're coming with

That's right.

That's right.

So basically the service agreement that they make is that they guarantee or they basically sort of agree to buy the heat for the X amount of years that we make the contract with them, which is typically then seven to eight years.

Too early to say, to be quite honest.

I mean, I just want to emphasize this is not the business that we are in right now.

I know, but you're getting into it.

I'm sorry?

yeah the um um my previous company um we were in the uh cleantech venture capital so um so we've been investing the tech companies so the i know from um not ground heat projects but sort of um you know sort of more sort of um future technologies but from there i know from um um

very sort of personal experience, how difficult it is to raise capital for these small size asset financing.

I mean, this is a very challenging area.

So meaning that it's an underserved market.

And because if you look at sort of project finance in general, this is, you know, it's focusing on much bigger projects.