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Cloudberry Clean Energy ASA
OSE:CLOUD

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Cloudberry Clean Energy ASA
OSE:CLOUD
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Price: 12.52 NOK -0.16% Market Closed
Market Cap: 4B NOK

Cloudberry Clean Energy ASA
Investor Relations

Cloudberry Clean Energy ASA operates as a renewable energy company, which owns and operates hydropower plants and wind farms. The company is headquartered in Oslo, Oslo. The company went IPO on 2020-04-02. The firm owns, develops and operates hydropower plants and wind farms in Norway and Sweden. The Company’s activities are divided into three segments: The Cloudberry Production, which owns long-term yield hydro and wind assets in Norway and Sweden; The Cloudberry Development, that has on and offshore development portfolio with renewable assets in Sweden and Norway and The Cloudberry Clean Energy (Corporate), which represents company’s activity in 2021.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 4, 2025
AI Summary
Q3 2025

EBITDA Growth: Cloudberry doubled its EBITDA compared to the same quarter last year, supported by higher realized power prices and increased power production.

Revenue Increase: The company reported higher revenue year-over-year, despite lower-than-expected production volumes.

Hydropower Platform Merger: Cloudberry merged its small hydro platform with Swiss Life, creating one of Norway's largest small hydro platforms and achieving 1.9x book value on assets contributed.

Portfolio Diversification: Cloudberry expanded into battery energy storage in Sweden and maintains a diverse portfolio across technologies and countries.

Resource Rent Tax Risk: Management flagged potential negative impact from a proposed Norwegian resource rent tax on small-scale hydro, pausing some projects as a result.

Strong Balance Sheet: The company maintains a robust equity ratio of 58%, ample cash, and untapped debt facilities.

Power Price Advantage: Realized power price was NOK 0.61 per kWh, well above the system price, due to favorable price area exposure and merchant strategy.

Key Financials
Realized Power Price
NOK 0.61 per kWh
System Power Price
NOK 0.43 per kWh
Power Production (Quarter)
177 GWh
Power Production (LTM)
783 GWh
Equity Ratio
58%
Gain from Forte Portfolio Consolidation
NOK 110 million
Interest Rate Hedged
70%
BESS Project FID
First project in Sweden commenced
Odal Payment Received
EUR 5 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Anders J. Lenborg
Founder & CEO
No Bio Available
Mr. Stig J. Østebrøt
Chief Technology Officer
No Bio Available
Ms. Ingrid Bjørdal
Chief Compliance and Organization Officer
No Bio Available
Mr. Christian Amandus Helland
CVO & Chief Commercial Officer
No Bio Available
Ms. Charlotte Bergqvist
Chief Development Officer
No Bio Available
Mr. Ole-Kristofer Bragnes
Chief Financial Officer
No Bio Available
Erik W. Welle-Strand
COO & GM of Captiva Asset Management
No Bio Available
Ms. Suna F. Alkan
Head of Sustainability
No Bio Available

Contacts

Address
OSLO
Oslo
Froyas gate 15
Contacts