Active management

ETFs, when they first started and what, uh, in many investors' minds as that they're passive, they're just tracking an index, whereas your ETF is actively managed.

Tell us about the process of active, uh, active management and the difference with index hugging ETFs.

Very rightly, there are tons of passive exchange traded funds out there because it's really about cost.

See, that's, that's one part of the equation in the long term that really adds up is cost.

Great thanks, Jen.

So turning to the portfolio, I will cover its diversification, revenue protection, active management, and the role of our developer investments.

So at 30 June, Orit owned 39 assets with 740 megawatts of capacity across five countries and five technologies.

Diversification by geography, technology, and asset stage reduces reliance on any single market or renewable resource.

This provides a degree of protection against rising costs and supports our progressive dividend policy.

Together with the high level of contracted revenue, it strengthens the resilience of our income profile.

Active management continues to improve performance and reduce costs across the portfolio.

At our least scale wind farm in Germany, proactive curtailment management secured compensation for an additional 1.2 gigawatt hours in the first half of this year, a 95% improvement on previous periods approach.