Our business model

Cloudberry Clean Energy ASA, founded in 2017, focuses on the development, production, and operation of renewable assets such as hydro, wind, solar and storage. The acquisition of Captiva Group has bolstered Cloudberry's resources within renewable energy in the Nordic region.

Cloudberry is a Nordic renewable energy company with an integrated business model designed to develop, own, and operate renewable energy assets. Our strategy is centered on creating long-term value through sustainable and scalable growth, while balancing financial returns, environmental responsibility, and stakeholder interests. Our business is structured into three revenue-generating segments—Projects, Commercial, and Asset Management—as well as a cost-efficient Corporate segment, ensuring an effective operational framework across the full asset lifecycle.

Projects

  • A leading greenfield developer of hydro, wind, solar, and energy storage projects in Norway, Sweden, and Denmark with a solid track record. Our in-house capabilities cover project origination, permitting, procurement, and construction, with a focus on assets offering favorable economic returns and low environmental impact.

Commercial

  • The segment oversees active ownership of Cloudberry’s renewable energy assets, optimizing operations, enhancing portfolio value, executing M&A transactions, and forming strategic partnerships.

Asset Management:

  • Responsible for the operation and management of both Cloudberry’s portfolio and third-party renewable assets. This includes digital solutions and performance optimization to ensure sustainable and profitable asset operations. To learn more about our asset management services to third party customers, please visit Captiva Asset Management
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Cloudberry manages significant renewable projects in the Nordics, encompassing development, construction, and operating renewable plants.

The power produced is sold on a continuous basis through bilateral agreements or through Nordpool spot market. Producing assets are entitled to electricity certificates and guarantees of origin. Producing assets are remotely controlled from operational centres and we operate those centres ourselves, or in cooperation with local partners.