Albioma entered the geothermal energy business with the acquisition of the 13 MW power plant in Turkey. Albioma has completed the acquisition of a majority stake (75%) in the geothermal energy producer the remaining 25% has been acquired by Egesim, an industrial services provider well regarded within the industry in Turkey. This is the Group's first geothermal power plant. The acquisition gives Albioma a bridgehead in a new business characterised by significant technical added value, offering a strong fit with the Group's well-established biomass and solar energy businesses. This investment diversifies the Group's production mix and is fully consistent with the strategic approach announced by Albioma, which aims to increase the proportion of renewable energy in its mix to between 95% and 100% by 2030. Geothermal power plants extract heat from below the earth's surface and convert it to electricity. This locally-produced, economically competitive energy source is available on a 24/7 basis. Like biomass, geothermal energy production is controllable, which enhances the dependability of electrical networks and facilitates the development of other, intermittent energy sources such as solar power. With an installed capacity approaching more than 1,600 MW, Turkey ranks fourth in the world for installed geothermal capacity, with considerable potential for future development.