Cloudberry Clean Energy ASA
OSE:CLOUD
Cloudberry Clean Energy ASA
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.
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.
Revenue & EBITDA: Cloudberry reported higher revenue and EBITDA, supported by portfolio expansion and disciplined cost control.
Cost Savings: A cost-saving program targeting NOK 30 million in annual savings has been implemented, including a 20% workforce reduction.
Portfolio Growth: The company grew its production and installed capacity, now exceeding 1 terawatt hour annually, with a diversified asset base across hydro, wind, solar, and BESS.
Strong Cash Balance: Cloudberry maintains a solid cash position of nearly NOK 900 million, positioning it well for M&A and late-stage project investments in 2026.
Pricing Outperformance: The company consistently achieved realized power prices well above the Nordic system price, with a 47% price premium in 2025.
Strategic Focus: Cloudberry is shifting toward late-stage project execution, upgrading assets with BESS, and emphasizing profitability over pure growth.
No New Hydro Tax: Management confirmed that proposed extra hydropower taxation was blocked by the Norwegian Parliament and is not expected to recur in the next four years.
