Cloudberry Clean Energy

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Cloudberry Clean Energy AS | Minutes from the Extraordinary General Meeting

Oslo, Norway, 9 September 2020: Please find attached the minutes from the Extraordinary General Meeting (EGM) of Cloudberry Clean Energy AS today at 14:00 CEST at Frøyas gate 15, 0273 Oslo. All items on the agenda were approved by the general meeting as proposed by the Board of Directors.

For information and relevant documents please visit our company and IR website www.cloudberry.no
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About Cloudberry Clean Energy:

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

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Cloudberry Clean Energy AS | Offshore wind power transaction in Sweden

Oslo, Norway, 10 September 2020: Today, Cloudberry Clean Energy AS (“Cloudberry” or “the company”) announces that the company has received 100% acceptance for its offer to the shareholders in Scanvind2 AS, the holding company of the offshore wind project “Rewind Vänern”. The transaction marks a new step towards Cloudberry’s ambition of becoming a substantial developer of offshore wind in the Nordics.

The 16-turbine/100 MW project is located in shallow water on the largest lake in Sweden, near to Cloudberry’s Karlstad office, and will significantly improve the region’s access to clean and renewable energy when fully developed. Construction start is anticipated in 2021/2022.
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“We know the Rewind Vänern-project well from our participation in the initial project team and will leverage our experience as project owner. We have already established dialogues with strong operational and financial partners which are as motivated as us for delivering efficient project development and sound value-creation”, says Anders Lenborg, Chief Executive Officer of Cloudberry.

Ambition to develop 2,500 MW offshore wind power in Sweden by 2030
“This transaction is an important new step towards fulfilling Cloudberry’s growth ambitions within offshore wind power and reflects our long-term strategy of being a substantial developer of renewable energy projects in the Nordics”, says Anders Lenborg.

Cloudberry’s development strategy includes a capital light business model where financing and construction are secured through a partnering model, while Cloudberry’s specialized development competence, local presence and the construction licenses are the company’s key value contributions to offshore projects. This yields ownership in producing assets for Cloudberry at project completion.

“Offshore wind power in the Baltic Sea has a large potential. Cloudberry has the know-how and experience to efficiently develop such projects. We have identified several potential offshore projects as part of our ambition to develop 2,500 MW offshore wind power in Sweden by 2030. This will represent an important contribution to the necessary European energy transition”, Lenborg concludes.

Transaction details
The settlement of the shares in Scanvind2 AS will be a combination of (i) reversal of the ScanVind2’s sales credit to Cloudberry, (ii) an issuance of about 2.2 million Cloudberry shares at NOK 12.5 per share and (iii) a cash payment of NOK 7 million. The transaction is expected to be completed by 26 September 2020.

For further information please visit our company and IR website www.cloudberry.no or contact:

Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Tor Arne Pedersen, CDO, +47 488 95 692, [email protected]

About Cloudberry Clean Energy:

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

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Cloudberry Clean Energy AS | First half year 2020 report: Delivering on our growth ambitions

Oslo, Norway, 16 September 2020: Cloudberry Clean Energy AS (“Cloudberry” or “the company”) has so far this year considerably developed its project portfolio.

“Since our listing on Merkur Market in April, Cloudberry have moved fast and continued building our growth platform by attracting new assets, partners, people and capital. We have both increased our project backlog and our production capacity, we have teamed up with new partners and are in discussions with more. Furthermore, we have strengthened both our development team and balance sheet”, says Anders Lenborg, Chief Executive Officer of Cloudberry.
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Main growth initiatives in 2020
• Signed a sales and purchase agreement with Fontavis (Swiss Life) to acquire 34% ownership in a Norwegian hydropower portfolio in Norway with net expected annual production of 85 GWh
• Acquired Åmotsfoss Kraft, a hydropower plant in Norway with expected annual production of 22.5 GWh
• Acquired the small-scale wind power development company Skogvind AS
• Cloudberry has received 100% acceptance for its offer for the shares in Scanvind2 AS, a company that develops a 100 MW offshore wind power project “Rewind Vänern” in Sweden.
• Raised in total NOK 358 million in gross proceeds through private placements
• The construction of three ongoing hydropower plant projects progressed as planned

Solid position and bold ambitions for the future
• With the assets currently in the portfolio, Cloudberry has secured an annual production capacity of 160 GWh coming on-stream by September 2021, up from 12 GWh today
• Cloudberry has so far this year increased the project backlog from 778 gigawatt hours per year to above 1.6 terawatt hours per year
• Bold ambition to develop 2,500 MW offshore wind power in Sweden by 2030

Cloudberry had two plants in operation first-half of 2020 and a total revenue of NOK 2.5 million in the period. Operating profit (EBIT) was NOK -8.8 million. Main expenses were salary and personnel cost of NOK 4.9 million, operating costs of the two power plants, certain one off-costs related to the listing on Oslo Børs and transaction costs related to the announced hydropower purchases.

At the end of June 2020, the company had a solid financial position. Total equity was NOK 371 million, with an equity ratio of 85%. Interest-bearing debt was NOK 27 million. Per 30 June 2020, Cloudberry had cash and cash equivalents of NOK 192 million. In July, Cloudberry raised additional NOK 200 million in equity to finance the purchase of hydropower plants in operation.

Mr. Lenborg concludes: “We appreciate that we have delivered on our strategy and purpose with a very active 2020 to date. We hope that many more will join our Nordic renewables growth platform in the years ahead and help Cloudberry and our stakeholders be part of a more sustainable, value creating energy future”.

Cloudberry invites investors, analysts and other stakeholders to a web presentation today at 10:00 CEST. Please use the following link to access the presentation: https://cloudberry.eventcdn.net/202009FH//

The short presentation will be followed by a Q&A session with the management. Questions may be asked in writing during and after the presentation.

The report, presentation and the link to the webcast are available at www.cloudberry.no.

For further information
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Suna Alkan, CSO, +47 913 02 907, [email protected]

About Cloudberry Clean Energy
Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

Cloudberry is a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

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Cloudberry Clean Energy AS | Resolution to increase share capital and completion of wind power transaction in Sweden

Oslo, Norway, 22 September 2020: Reference is made to the stock exchange announcement dated 10 September 2020 regarding Cloudberry Clean Energy AS (“Cloudberry” or the “Company”) acquisition of 100% of the shares in Scanvind2 AS.

In relation to completion of the transaction, which has taken place today, the Board of Directors of Cloudberry has, pursuant to the Board authorization granted by the Company’s extraordinary general meeting held on 9 September 2020, resolved to increase the Company’s share capital with NOK 545,119 by way of issuance 2,180,476 shares at a subscription price of NOK 12.5 per share. Settlement has been made by contribution of a receivable against the Company’s subsidiary Cloudberry Develop AS, which is the formal acquirer of the shares in Scanvind 2 AS.
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The capital increase is expected to be delivered on or around 30 September 2020, after the share capital increase have been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret).

Following the registration of the new share capital, the Company’s new share capital will be NOK 14,331,910.25, divided into 57,327,641 shares, each with a nominal value of NOK 0.25. Each share carries one vote.

After the transaction primary insider Viva Investment AS`s total holding of shares in the Company is 19 028 shares (up from zero shares).

Advokatfirmaet DLA Piper Norway DA has acted as the Company’s legal advisor for the transaction.

For further queries, please contact:

Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Suna Alkan, CSO, +47 913 02 907, [email protected]

About Cloudberry Clean Energy:
Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

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Cloudberry Clean Energy AS – New Share Capital Registered

Oslo, Norway, 29 September 2020: Reference is made to the stock exchange announcement dated 22 September 2020 regarding Cloudberry Clean Energy AS (the “Company”) completion of the transaction in the relation to the acquisition of 100% of the shares in Scanvind2 AS.

The share capital increase related to the transaction has today been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company`s share capital has been increased by NOK 545,119 through issue of 2,180,476 new shares.
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The Company’s new share capital is NOK 14,331,910.25, divided into 57,327,641 shares, each with a nominal value of NOK 0.25.

Advokatfirmaet DLA Piper Norway DA has acted as the Company’s legal advisor for the transaction.

For further queries, please contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Suna Alkan, CSO, +47 913 02 907, [email protected]

About Cloudberry Clean Energy:

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

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Cloudberry Clean Energy AS – Mandatory notice of subscription of independent subscription rights under the Company’s equity incentive program

Oslo, Norway, 30 September 2020: Reference is made to the stock exchange announcement dated 31 August 2020 regarding the board’s proposal for the Company’s equity incentive program.

On 25 September 2020, Anders Lenborg, CEO, was granted 545,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Anders Lenborg holds 795,000 independent subscription rights. In addition, Lenco AS, which is wholly owned by Anders Lenborg, holds 1,093,070 shares in Cloudberry Clean Energy AS.
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Christian Helland, CVO, was granted 350,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Christian Helland holds 500,000 independent subscription rights. In addition, Amandus Invest AS, which is wholly owned by Christian Helland, holds 444,758 shares in Cloudberry Clean Energy AS.

Jon Gunnar Solli, COO, was granted 200,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Jon Gunnar Solli holds 300,000 independent subscription rights. In addition, Lotmar Invest AS, which is wholly owned by Jon Gunnar Solli, holds 541,602 shares in Cloudberry Clean Energy AS.

Tor Arne Pedersen, CDO, was granted 100,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Tor Arne Pedersen holds 300,000 independent subscription rights. In addition, Viva Investment AS, which is wholly owned by Tor Arne Pedersen, holds 19,028 shares in Cloudberry Clean Energy AS.

Suna Alkan, CSO, was granted 150,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Suna Alkan holds 225,000 independent subscription rights. In addition, Cappadocia Invest AS, which is wholly owned by Suna Alkan, holds 214,000 shares in Cloudberry Clean Energy AS.

Roger Grøndahl, Project Manager, was granted 80,000 independent subscription rights in the Company. The exercise price for each subscription right is NOK 12.20 per share. After the grant Roger Grøndahl holds 80,000 independent subscription rights. In addition, Greenvalley AS, which is wholly owned by Roger Grøndahl, holds 130,123 shares, and Roger Grøndahl privately holds 2,000 shares in Cloudberry Clean Energy AS.

The subscription rights are according to the equity incentive program approved by the Company’s general meeting 20 March 2020. According to the general meeting 9 September 2020, 1,425,000 new subscription rights were approved. The subscription rights expires 9 September 2025.

For further queries, please contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Suna Alkan, CSO, +47 913 02 907, [email protected]

About Cloudberry Clean Energy:

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

[TekBot]

Cloudberry Clean Energy AS | Primary insider purchases shares

Oslo, Norway, 27 October 2020: Primary insider Viva Investment AS, wholly owned by Tor Arne Pedersen, CDO, has on 27 October 2020 bought 30,000 shares in Cloudberry Clean Energy AS at a price per share of NOK 12.50 according to agreement of 5 October 2020. After the transaction Viva Investment AS holds 49,028 shares in Cloudberry Clean Energy AS. In addition, Tor Arne Pedersen holds 300,000 independent subscription rights.

About Cloudberry Clean Energy:
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Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop and operate hydro power plants and wind farms in Norway and Sweden. Our purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. We believe in a fundamental long-term demand for renewable energy in the Nordics and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value chain approach ensures local presence and optimisation of stakeholder alignment and value creation. Our long-term growth strategy rests upon our ability to create value for stakeholders, and our ability to use the best possible technology available, bring down costs, improve sustainability and make an important contribution to the necessary European energy transition. We will realise growth through organic greenfield development and by taking part in structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an experienced management team and board. Our offices are in Oslo, Norway (main office) and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.

Kilde

[TekBot]

Cloudberry Clean Energy AS | Cloudberry enters into partnership for sale of offshore wind development project in Sweden

Oslo, Norway, 6 November 2020: With reference to the press release on 10
September, Cloudberry Clean Energy AS (“Cloudberry” or “the company”) today
announces that Cloudberry and Downing LLP (“Downing”) have entered into an
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exclusivity agreement for the construction and ownership of a
100 MW nearshore, shallow water wind farm in Lake Vänern in southern Sweden.

Since the end of June, Cloudberry has doubled its project backlog to above 1.6
terrawatt hours per year. After confirming a successful offer for project
“Rewind Vänern” in September, Cloudberry announced the ambition to develop 2,500
MW of offshore wind power in Sweden by 2030 based on a substantial development
portfolio of fresh water and Baltic Sea shallow water projects.
“We are very pleased to cooperate with such an experienced infrastructure
investor as Downing LLP. The project partnership is an important step towards
fulfilling Cloudberry’s growth ambitions within shallow water wind power. It
also shows our ability to realise significant value from our large pipeline of
projects under development”, says Anders Lenborg, Chief Executive Officer of
Cloudberry.
Downing LLP is an FCA authorised and regulated investment manager with over 30
years’ experience and, as at 31 July 2020, has over £1 billion of funds under
management. Downing’s energy & infrastructure business comprises 25 specialist
investment and asset management professionals managing more than 80 investments
across five different renewable energy technologies.
Henrik Dahlström, Investment Director at Downing says: “Downing has been making
investments in renewable energy for over a decade with a wealth of experience.
We are pleased to be partnering with Cloudberry on this landmark project and
contributing to the growth of renewable energy generation in Sweden.”
Based on the signed term sheet, Cloudberry’s estimated value realisation for the
development of the 100 MW project is around NOK 3 million per MW, including
Cloudberry’s project development fee. Around 1/3 of the value is expected to be
paid in first half of 2021 (not subject to any subsequent adjustments but
pending final grid confirmation) and the remaining 2/3 at project commissioning
in 2023/2024.
“Cloudberry’s development offshore strategy is to secure financing and
construction through a partnering model. Cloudberry’s specialized development
competence, local presence and the construction licenses are the company’s key
value contributions to shallow water projects. This partnership with Downing,
where Cloudberry will participate with a 20% ownership stake, is an excellent
example of this”, says Anders Lenborg.
A due diligence process has been initiated and the parties intend to sign a
share purchase agreement (SPA) by the end of this year. Financial close is
expected in first half of 2021.
For further information
Please visit our company and IR website www.cloudberry.no or contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Tor Arne Pedersen, CDO, +47 488 95 692, [email protected]

About Cloudberry Clean Energy
Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop
and operate hydro power plants and wind farms in Norway and Sweden. Our purpose
is to provide clean renewable energy for future generations, developing a
sustainable society for the long term and creating value for our stakeholders.
We believe in a fundamental long-term demand for renewable energy in the Nordics
and Europe. Our purpose shapes every aspect of how Cloudberry operates.
Cloudberry has a strong commitment to local communities. Our integrated value
chain approach ensures local presence and optimisation of stakeholder alignment
and value creation. Our long-term growth strategy rests upon our ability to
create value for stakeholders, and our ability to use the best possible
technology available, bring down costs, improve sustainability and make an
important contribution to the necessary European energy transition. We will
realise growth through organic greenfield development and by taking part in
structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an
experienced management team and board. Our offices are in Oslo, Norway (main
office) and Karlstad, Sweden. To learn more about Cloudberry, go to
www.cloudberry.no.

Kilde

[TekBot]

[Cloudberry Clean Energy AS | Engaged in a material M&A transaction and updated company presentation]\

Oslo, Norway, 13 November 2020: Cloudberry Clean Energy AS (“Cloudberry” or “the
company”) hereby announces that it is engaged in a material M&A transaction
including Nordic renewable assets. An acquisition would entail a substantial
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capital need and Cloudberry has therefore engaged with selected investors to
explore the potential to underwrite the equity financing required for the
transaction. It is emphasized that Cloudberry is in an early phase of the
transaction. No assurances can be made as to whether a transaction will be
concluded or not. Cloudberry will update the market in due course.

Cloudberry has retained Carnegie, Pareto Securities and SEB as Managers in the
potential transaction. Attached the updated company presentation.
For further information
Visit www.cloudberry.no or contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]

About Cloudberry Clean Energy

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop
and operate hydro power plants and wind farms in Norway and Sweden. Our purpose
is to provide clean renewable energy for future generations, developing a
sustainable society for the long term and creating value for our stakeholders.
We believe in a fundamental long-term demand for renewable energy in the Nordics
and Europe. Our purpose shapes every aspect of how Cloudberry operates.
Cloudberry has a strong commitment to local communities. Our integrated value
chain approach ensures local presence and optimisation of stakeholder alignment
and value creation. Our long-term growth strategy rests upon our ability to
create value for stakeholders, and our ability to use the best possible
technology available, bring down costs, improve sustainability and make an
important contribution to the necessary European energy transition. We will
realise growth through organic greenfield development and by taking part in
structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an
experienced management team and board. Our offices are in Oslo, Norway (main
office) and Karlstad, Sweden. To learn more about Cloudberry, go to
www.cloudberry.no.

Kilde

[TekBot]

[\Cloudberry Clean Energy AS | Resolution to increase share capital and completion of transaction of a small-scale wind power developer]

Oslo, Norway, 16 November 2020: Reference is made to the stock exchange
announcement dated 31 August 2020 regarding Cloudberry Clean Energy AS`
(“Cloudberry” or the “Company”) acquisition of the small-scale wind power
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developer Skogvind AS.

In relation to the settlement of the transaction, which has taken place today,
the Board of Directors of Cloudberry has, pursuant to the Board authorization
granted by the Company’s extraordinary general meeting held on 9 September 2020,
resolved to increase the Company’s share capital with NOK 29,662 by way of
issuance 118,648 shares at a subscription price of NOK 12.01 per share.
Settlement has been made by contribution of a receivable against the Company’s
subsidiary Cloudberry Develop AS, which is the formal acquirer of the shares in
Skogvind AS.
The capital increase is expected to be delivered around beginning of December
2020, after the share capital increase have been registered with the Norwegian
Register of Business Enterprises (Nw.: Foretaksregisteret).
Following the registration of the new share capital, the Company’s new share
capital will be NOK 14,361,572.25 divided into 57,446,289 shares, each with a
nominal value of NOK 0.25. Each share carries one vote.
In addition to the above issued shares Cloudberry Develop AS has in relation to
the settlement of the purchase price transferred 167 335 shares in the Company
held by Cloudberry Develop AS to the sellers.
Through the settlement of the transaction, Greenvalley AS, wholly owned by Roger
B. Grøndahl has received 70,429 shares in Cloudberry Clean Energy AS. Following
the transaction Greenvalley AS holds 200,552 shares in Cloudberry Clean Energy
AS. In addition, Roger B. Grøndahl holds 2,000 shares and 80,000 independent
subscription rights.
Through the settlement of the transaction, Cloudberry Partners AS, which is
indirectly partially owned by Petter W. Borg and Morten S. Bergesen, has
received 215,554 shares in Cloudberry Clean Energy AS. Following the transaction
Cloudberry Partners AS holds 2,424,609 shares in Cloudberry Clean Energy AS.
Advokatfirmaet DLA Piper Norway DA has acted as the Company’s legal advisor for
the transaction.
For further queries, please contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]
Suna Alkan, CSO, +47 913 02 907, [email protected]

About Cloudberry Clean Energy

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop
and operate hydro power plants and wind farms in Norway and Sweden. Our purpose
is to provide clean renewable energy for future generations, developing a
sustainable society for the long term and creating value for our stakeholders.
We believe in a fundamental long-term demand for renewable energy in the Nordics
and Europe. Our purpose shapes every aspect of how Cloudberry operates.
Cloudberry has a strong commitment to local communities. Our integrated value
chain approach ensures local presence and optimisation of stakeholder alignment
and value creation. Our long-term growth strategy rests upon our ability to
create value for stakeholders, and our ability to use the best possible
technology available, bring down costs, improve sustainability and make an
important contribution to the necessary European energy transition. We will
realise growth through organic greenfield development and by taking part in
structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an
experienced management team and board. Our offices are in Oslo, Norway (main
office) and Karlstad, Sweden. To learn more about Cloudberry, go to
www.cloudberry.no.

Kilde

[TekBot]

Cloudberry Clean Energy AS | Completion of transaction of the aquisition of ownership in a producing hydro power portfolio

Oslo, Norway, 23 November 2020: Reference is made to the stock exchange
announcement dated 24 June 2020 regarding Cloudberry Clean Energy AS`
(“Cloudberry” or the “Company”) acquisition of a 34% ownership interest in a
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Norwegian hydro portfolio and one power offtake agreement in Norway, with a
combined annual production of around 85 GWh net to Cloudberry.

The transaction is now successfully completed with Fontavis Forte HYDRO S.A R.L.
Fontavis is a well-established specialized investment manager focusing direct
investments in clean energy and infrastructure. Fontavis is a part of the Swiss
Life group.

“With the completion of this transaction, Cloudberry’s annual production has
increased to 160 GWh net to the Company”, says Anders Lenborg, CEO of
Cloudberry, and adding, “The transaction marks another step forward, as we
execute on our Nordic growth strategy”.

Advokatfirmaet DLA Piper Norway DA has acted as the Company’s legal advisor for
the transaction.

For further queries, please contact:
Christian Helland, CVO, +47 418 80 000, [email protected]
Jon Gunnar Solli, COO, +47 970 38 507, [email protected]

About Cloudberry Clean Energy

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop
and operate hydro power plants and wind farms in Norway and Sweden. Our purpose
is to provide clean renewable energy for future generations, developing a
sustainable society for the long term and creating value for our stakeholders.
We believe in a fundamental long-term demand for renewable energy in the Nordics
and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value
chain approach ensures local presence and optimisation of stakeholder alignment
and value creation. Our long-term growth strategy rests upon our ability to
create value for stakeholders, and our ability to use the best possible
technology available, bring down costs, improve sustainability and make an
important contribution to the necessary European energy transition. We will
realise growth through organic greenfield development and by taking part in
structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an
experienced management team and board. Our offices are in Oslo, Norway (main
office) and Karlstad, Sweden. To learn more about Cloudberry, go to
www.cloudberry.no.

Kilde

[TekBot]

Cloudberry Clean Energy AS | Withdrawal from potential M&A transaction

Oslo, Norway, 27 November 2020: Reference is made to the stock exchange notice
dated 13 November 2020 (the “Stock Exchange Notice”) regarding Cloudberry Clean
Energy AS’ (“Cloudberry” or the “Company”) engagement in a potential M&A
…

Vis børsmeldingen

transaction involving Nordic renewable assets.

Cloudberry has over the last weeks participated in a structured sales process
for potentially acquiring a Nordic independent power producer (IPP) (the
“Transaction”). The Company has a strict policy of not compromising on its
return requirements for producing and development assets, and the valuation gap
between the parties in the Transaction has been deemed as too large. Cloudberry
has therefore chosen to withdraw from the Transaction.

As stated in the Stock Exchange Notice, Cloudberry had retained Carnegie, Pareto
Securities and SEB as managers to establish an underwriting syndicate (the
“Underwriting Syndicate”) for the equity financing required for the Transaction.
Cloudberry can inform that it through engaging with selected existing
shareholders and new investors successfully established an Underwriting
Syndicate. However, as the Transaction will not materialise, the underwriting
commitments from the Underwriting Syndicate have now lapsed.

Cloudberry will not provide further comments or updates related to the
Transaction.

The Company is currently pursuing various organic and inorganic growth
opportunities which may require additional capital and the Company will engage
with equity investors to deliver on its growth ambition.

For information about Cloudberry, visit www.cloudberry.no or contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Christian Helland, CVO, +47 418 80 000, [email protected]

About Cloudberry Clean Energy

Cloudberry Clean Energy AS is a Nordic renewable energy company. We own, develop
and operate hydro power plants and wind farms in Norway and Sweden. Our purpose
is to provide clean renewable energy for future generations, developing a
sustainable society for the long term and creating value for our stakeholders.
We believe in a fundamental long-term demand for renewable energy in the Nordics
and Europe. Our purpose shapes every aspect of how Cloudberry operates.

Cloudberry has a strong commitment to local communities. Our integrated value
chain approach ensures local presence and optimisation of stakeholder alignment
and value creation. Our long-term growth strategy rests upon our ability to
create value for stakeholders, and our ability to use the best possible
technology available, bring down costs, improve sustainability and make an
important contribution to the necessary European energy transition. We will
realise growth through organic greenfield development and by taking part in
structural development of the Nordic renewable energy industry.

We are a public Merkur Market company supported by strong owners and led by an
experienced management team and board. Our offices are in Oslo, Norway (main
office) and Karlstad, Sweden. To learn more about Cloudberry, go to
www.cloudberry.no.

Kilde

[anon57124368]

Ingen som er interessert i denne stille juvelen?

[pg-san]

Er ikke så mange som kjenner til selskapet og har dermed gått under radaren for en del, men har troa på den i det lange løp. Kombinasjon av vannkraft og vind gjør at de har økonomiske inntjening fra vann og fremtid innen vind.

Ikke at de tjener penger nå, men de er fortsatt i en sterk vekst periode

[rokky]

Pareto ser doblingspotensial i ESG-aksje

[YngveB]

Kjøpte meg opp for 3 uker siden. Herlig dag i dag;)

[rayman]

Har eid denne en stund nå, de vokser sakte men sikkert. Det kommer nok flere emisjoner, så man må ta høyde for det.

[pg-san]

Jeg synes det er helt fantastisk at en aksje skal reagere så mye på en kjøps anbefaling fra meglerhus. Samme skjedde med axactor igår så skal ikke klage

[rayman]

Skal ikke mer til i dagen børsklima, blir en aksje nevnt hos finansavisen/e24 eller aksjesladder så er det rett opp det gitt…

[Cloudberry]

Analysts Expect Breakeven For Cloudberry Clean Energy AS (OB:CLOUD) Before Long

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