𝗚𝗲𝗿𝗺𝗮𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: 𝗔 𝗟𝗼𝗻𝗴-𝗧𝗲𝗿𝗺 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 - 𝗝𝗮𝗻 𝟭𝟲, 𝟮𝟬𝟮𝟲 I took a position in this company within a very supportive macroeconomic context: Germany has just announced an agreement with the European Commission to launch, starting in 2026, a large-scale tender program covering 12 GW of new power generation capacity, primarily focused on gas-fired power plants, with commissioning expected around 2031. This plan addresses a key challenge: securing the country’s energy supply while continuing the phase-out of coal. A significant share of the new capacity (10 GW) must be able to provide stable, long-duration power generation, favoring players capable of investing in reliable and profitable infrastructure. Another strategic point is that these power plants must be hydrogen-ready by 2045, in line with Germany’s climate neutrality target. This provides long-term visibility for operators, with a progressive and pragmatic transition that has been welcomed by industry participants. Major German electricity producers such as RWE, Uniper, and EnBW had been waiting for this regulatory framework to unlock their investments. Additional tenders are already planned for 2027 and 2029/2030, further strengthening visibility for the sector. 𝗪𝗵𝘆 𝘁𝗵𝗶𝘀 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻? Because this strategy combines energy security, political support, regulatory visibility, and a realistic energy transition, creating a favorable environment for growth and profitability for well-positioned players in the market. $NSDQ100 $SPX500 $ENR.DE ⚠️ 𝘙𝘪𝘴𝘬 𝘞𝘢𝘳𝘯𝘪𝘯𝘨: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘯𝘰𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶 𝘢𝘱𝘱𝘭𝘺 𝘪𝘵 𝘰𝘳 𝘯𝘰𝘵 𝘪𝘴 𝘺𝘰𝘶𝘳 𝘤𝘩𝘰𝘪𝘤𝘦. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.