Cloudberry Clean Energy

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Cloudberry Clean Energy ASA | Strategic asset sale highlights significant value creation

Oslo, Norway, 27 June 2024: Cloudberry (“Cloudberry” or the “Company”) has today
entered into a share sale and purchase agreement with Cadre AS ("Cadre) for the
sale of the three hydropower plants: Usma, Bjørgelva and Finnesettbekken (the
…

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“Transaction”). These hydropower plants have a combined estimated annual
production slightly below 36 GWh, primarily located in NO3 and NO4 and are
considered the least strategic hydropower assets for Cloudberry. The transaction
underscores significant value creation across Cloudberry’s value chain with a
sale price exceeding 2.3x the booked equity of the hydropower plants, resulting
in an internal rate of return (IRR) of approx. 28% p.a .

The total transaction value is NOK 320.5 million on a debt and cash free basis.
The equity value of the shares to be sold is NOK 190.6 million, realizing a
substantial gain for Cloudberry. This transaction exemplifies Cloudberry’s
strategy of recycling capital to drive value creation. Including the repayment
of internal loans, the Transaction will generate approximately 205 million in
free cash for Cloudberry, which will be reinvested to expand the renewables
portfolio.

The transaction is structured as a sale of shares in Usma Kraft AS, Bjørgelva
Kraft AS, and Finnesetbekken Kraftverk AS. The transaction is expected to close
28 June 2024 and is not subject to any conditions.

“We are pleased to once again demonstrate significant value creation and
effective capital recycling to our investors, highlighting the attractiveness of
our asset portfolio”, says Anders Lenborg, CEO Cloudberry.

Founded in 2023, Cadre has quickly become a large Norwegian small-scale
hydropower company. The company is majority-owned by Nordkraft and HitecVision.

“These assets fit our strategy very well. We will be able to utilize these
assets’ full potential as we are structured in a way that reduces our operating
expenses with each asset added,” says Carl-Fredrik Lehland, CEO of Cadre.

For further information, visit our company and IR website www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 131 30, al@cloudberry.no
Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no
Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415,
okb@cloudberry.no

For further information about Cadre, please visit cadre.no or contact:
Carl-Fredrik Lehland, CEO Cadre +47 95 298 298, cf@cadre.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17, Section 5-12 the Norwegian Securities Trading Act
and the requirements of the Oslo Rule Book II - Issuer Rules. This stock
exchange announcement was published by Ole-Kristofer Bragnes, Senior Financial
Officer at Cloudberry Clean Energy ASA on 27 June 2024, 08:00 CEST.

About Cloudberry Clean Energy:
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg, Eskilstuna, Sweden and Lemvig, Denmark. To learn
more about Cloudberry, go to www.cloudberry.no.

Kilde

[TekBot]

Cloudberry Clean Energy ASA | Increasing ownership in the Forte hydropower portfolio

Oslo, Norway, 27 June 2024: Cloudberry (“Cloudberry” or the “Company”) has today
entered into a share sale and purchase agreement (the “Transaction”) for the
acquisition of 15.99% of the shares in Forte Energy Norway AS (“Forte”) from a
…

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fund managed by Swiss Life Asset Managers. Forte is a Norwegian hydropower
portfolio which consist of 14 hydropower plants and one power offtake agreement
with an annual estimated production of 234 GWh and 20 GWh respectively; in total
254 GWh.

The Transaction increases Cloudberry’s ownership in the Forte portfolio to
49.99%. As such the proportionate power production from the portfolio is
increased by 41 GWh to 127 GWh, predominantly in the attractive NO2 and NO5
price areas.

“The Forte portfolio is a well-managed hydropower portfolio with a production
profile that complements Cloudberry’s existing assets perfectly. Having been a
minority shareholder in Forte since 2020, we are well-acquainted with the
portfolio’s strengths and potential. We are delighted to extend our relationship
with both Forte and Swiss Life Asset Managers through this acquisition”, says
Anders Lenborg, CEO Cloudberry.

The price for 15.99% of the shares in Forte is undisclosed, but represent
approximately 1.1x the Q1 2024 book value for Cloudberry of the Forte shares.
The Transaction will be financed by Cloudberry’s strong cash position. The
favorable debt with a low fixed rate in Forte, remains unchanged. The
Transaction is expected to close 28 June 2024.

For further information, visit our company and IR website www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 131 30, al@cloudberry.no
Christian Helland, CVO, +47 418 80 000, ch@cloudberry.no
Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415,
okb@cloudberry.no

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

About Cloudberry Clean Energy:
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg, Eskilstuna, Sweden and Lemvig, Denmark. To learn
more about Cloudberry, go to www.cloudberry.no.

Kilde

[dagulvin]

Fint at det endelig skjer noe i CLOUD igjen. Transaksjonene 27/6 ser ut som kjøp og salg etter prinsippet “buy low, sell high”, som alltid er populært. CLOUD har nok også temmelig mye cash til overs også, klar til andre strøminvesteringer.

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Cloudberry Clean Energy ASA: The Odal Wind Farm resumes production

Oslo, 9 August 2024: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”)
announces that production at the Odal wind farm (“Odal Vind”) will resume on
Monday 12 August following a temporary halt (see previous stock exchange
…

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announcement dated 11 April 2024).

Odal Vind confirms that initially two turbines will be operational on Monday
following a thorough review and inspection by Siemens Gamesa and Odal Vind.
Significant efforts have been made, including the replacement of several blades
on the remaining turbines and comprehensive repairs. It is assumed that 20
turbines will be in production by the end of August. The remaining turbines will
be brought online as soon as possible, with the goal of having all 34 turbines
operational before the end of the year.

“We are very pleased to see Odal Vind operating again,” says Anders Lenborg, CEO
of Cloudberry. “I want to extend our gratitude to Siemens Gamesa for the good
collaboration and necessary action in addressing the difficult situation. We
look forward to continuing the close relationship and cooperation to ensure the
full park in operation as soon as possible.”

Cloudberry and Odal Vind will continue to closely monitor the situation and work
closely with Siemens Gamesa to ensure stable and safe operations at the wind
farm.

For further information, visit our company and IR website: www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.
About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde

[TekBot]

Cloudberry Clean Energy ASA | Invitation to presentation of second quarter 2024 results

Oslo, Norway, 14 August 2024: Cloudberry Clean Energy ASA (“Cloudberry” or the
“Company”) will publish its second quarter results on 21 August 2024 at 07:00
CEST. The company management will host a presentation and Q&A session the same
…

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day at 11:00 CEST.

Please use the following link to access the live presentation and Q&A session:
https://tv.streamfabriken.com/cloudberry_clean_energy_asa_q2_2024

The second quarter 2024 report and presentation material, and the link/recording
to the webcast will be made available at www.cloudberry.no.
For further information, visit our company and IR website: www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.
About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde

[TekBot]

Cloudberry Clean Energy ASA | Second quarter 2024 report

Oslo, Norway, 21 August 2024: Cloudberry Clean Energy ASA (“Cloudberry” or the
“Company”) reports a strong operational second quarter.

…

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· Financial highlights
· Consolidated revenue of NOK 207m (335m) and proportionate revenue of NOK
288m (363m). Last twelve months (LTM) proportionate revenue of NOK 659m
· Consolidated EBITDA of NOK 180m (281m) and proportionate EBITDA of NOK
194m (280m). Last twelve months proportionate EBITDA of NOK 321m
· Proportionate production has increased to 143 GWh over the quarter(117
GWh)
· Realized power price of NOK 0.59 per kWh (NOK 0.76 per kWh)
· Strong cash balance of NOK 934m (Munkhyttan is at present fully equity
financed)
· Attractive debt position with majority of funding secured long-term at an
all-in cost below 4%
· Avoided emissions during the second quarter of 33,505 tCO2e (25,974 tCO2e)

· Project updates
· Cloudberry strategically rebalanced its hydro portfolio by selling three
hydropower assets and increasing its ownership in Forte
· Sold three hydropower plants in predominantly NO3 and NO4 price regions.
The sale represented significant value creation with a sale price exceeding 2.3x
the booked equity and an IRR of approximately 28% per annum
· Simultaneously, acquired an additional 15.99% of the shares in Forte
Energy Norway AS at a price of 1.1x Cloudberry’s booked equity, increasing its
ownership to 49.99%
· The two transactions optimized the portfolio by shifting production to
the more attractive NO2 and NO5 price regions, while slightly increasing the
hydro exposure and generating approximately NOK 40 million in liquidity

· All three turbines at Munkhyttan have been energized. The project remains

on budget with commercial production expected in Q3 2024 (ahead of initial
schedule)

· Subsequent events
· The commissioning period for Øvre Kemma is finished and the plant is in
full production. Financial close was completed in July 2024, and Cloudberry has
obtained ownership of the power plant.
· Per the reporting date, Odal Wind has resumed production following the
temporary halt and 20 turbines are expected to be operational by the end of
August. Further the payment for lost production under the first availability
period has been received and the income booked in Q2 2024.
· Entered into strategic, long-term collaboration with Holmen Renewable
Energy. Starting development of approximately 1 TWh of renewable projects across
SE3

Cloudberry invites investors, analysts, and other stakeholders to a company
presentation at 11:00 CEST. Please use the following link to register and join:

https://tv.streamfabriken.com/cloudberry_clean_energy_asa_q2_2024

The second quarter report for 2024, the presentation material, and the link to
the webcast and Q&A session will be made available at http://www.cloudberry.no/.

For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Ole-Kristofer Bragnes,
CFO, in Cloudberry Clean Energy ASA on 21 August 2024, at 07:00 CEST.

About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig, Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde

[TekBot]

Cloudberry Clean Energy ASA | Major industry players join forces to form new contender in the Nordic power market

Oslo, Norway, 30 August 2024: Cloudberry Clean Energy ASA, Elmera Group ASA, and
Småkraft AS are joining forces in balancing services and power trading through
the company Kraftanmelding AS. Elmera, Småkraft and employees of Kraftanmelding
…

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are investing over NOK 20 million while Cloudberry contribute with its digital
business within Captiva.

Kraftanmelding is a leading provider of balancing services for run-of-river
power production in Norway. Increasing amounts of intermittent power production
in the Nordic region are driving the need for flexibility and active management
in the energy system. Kraftanmelding’s and Captiva’s digital solutions provide
power producers with access to new markets and increased revenues from existing
production. Cloudberry, Elmera, and Småkraft are now joining forces to
strengthen Kraftanmelding’s position in this market.

Anders Lenborg, CEO of Cloudberry, is excited to be part of the continued
digital initiative together with the other co-owners.

• With this initiative we lead the way in the digital transformation of our
  industry. With Elmera, as one of the largest power consumers in the Nordics
  (about 21 TWh per year), we can now directly match Nordic power producers with
  Nordic power consumers. I strongly believe in significant value creation
  through this digital initiative, says Lenborg.

Kraftanmelding was founded by entrepreneurs Ole Morten Amundsen, Bjørn Trondsen,
and Glenn Gill. Captiva became a majority shareholder in 2019, while Captiva was
later acquired by Cloudberry. As part of the transaction, Cloudberry will
transfer its digital businesses within Captiva to Kraftanmelding. Kraftanmelding
will further be strengthened with over NOK 20 million in new equity from
primarily Elmera and Småkraft. The pre-money valuation of Kraftanmelding,
following the inclusion of Cloudberry’s digital business, is approximately 1.4x
Cloudberry’s current book value. Following completion of the transaction,
Kraftanmelding will be owned by Elmera (34%), Cloudberry (32%), Småkraft (8%)
and the founders and employees (27%).

For further information, visit our company and IR website: www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde

[E24Bot]

Kjører på med prosjekt til 50 millioner euro

Cloudberry med endelig investeringsbeslutning i Sverige

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Cloudberry Clean Energy ASA | Invitation to presentation of third quarter 2024 results

Oslo, Norway, 04 November 2024: Cloudberry Clean Energy ASA (“Cloudberry” or the
“Company”) will publish its third quarter results on 08 November 2024 at 07:00
CET. The company management will host a presentation and Q&A session the same
…

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day at 11:00 CET.

Please use the following link to access the live presentation and Q&A session:
https://tv.streamfabriken.com/cloudberry_clean_energy_asa_q3_2024

The third quarter 2024 report and presentation material, and the link/recording
to the webcast will be made available at www.cloudberry.no.
For further information, visit our company and IR website: www.cloudberry.no or
contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no
This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.
About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde

[TekBot]

Cloudberry Clean Energy ASA | Third quarter 2024 report

Oslo, Norway, 08 November 2024: Cloudberry Clean Energy ASA (“Cloudberry” or the
“Company”) reports a strong operational third quarter.

…

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· Financial highlights
· Consolidated revenue of NOK 84m (74m) and proportionate revenue of NOK 88m
(86m). Last twelve months (LTM) proportionate revenue of NOK 662m
· Consolidated EBITDA of NOK 13m (2m) and proportionate EBITDA of NOK 14m
(14m). LTM proportionate EBITDA of NOK 323m
· Proportionate production of 145 GWh over the quarter (155 GWh). The
decrease is mainly due to Odal Wind which is currently ramping up production
· Realized power price of NOK 0.47 per kWh (NOK 0.50 per kWh) compared to
the Nordic system price of NOK 0.23 per kWh over the quarter
· Strong proportionate cash balance of NOK 804m and conservative debt
balance
· Attractive debt financing with a majority secured long-term at an all-in
cost below 4% p.a.
· Avoided emissions during the third quarter of 33,974 tCO2e (34,410 tCO2e)

· Project updates
· All turbines at Munkhyttan are in test production and generating revenue.
The project is ahead of schedule and within budget with no safety issues. The
estimated annual production is 60 GWh
· Cloudberry has entered into a long-term, strategic collaboration with
Holmen Renewable Energy. 300 MW of onshore wind projects has been added to the
backlog over the quarter
· The hydropower plant Øvre Kvemma is complete and in full operation. The
project was delivered on time and budget and financially closed beginning of
July
· Cloudberry, Elmera Group ASA and Småkraft AS have successfully transformed
Kraftanmelding and Captiva’s digital business into a new contender in the Nordic
power market

Cloudberry invites investors, analysts, and other stakeholders to a company
presentation at 11:00 CET. Please use the following link to register and
join: https://tv.streamfabriken.com/cloudberry_clean_energy_asa_q3_2024

The third quarter report for 2024, the presentation material, and the link to
the webcast and Q&A session will be made available at http://www.cloudberry.no/.

For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Christian Helland, CCO, +47 418 80 000, ch@cloudberry.no

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Ole-Kristofer Bragnes,
CFO, in Cloudberry Clean Energy ASA on 08 November 2024, at 07:00 CET.

About Cloudberry
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local traditions. The Company owns, develops, and operates
hydropower plants and wind farms in the Nordics. Cloudberry is powering the
energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange’s main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden and Lemvig, Denmark. To
learn more about Cloudberry, go to www.cloudberry.no

Kilde