We provide clean renewable energy for future generations.
Cloudberry is a Nordic renewable energy company. We own, develop and operate hydropower plants and wind farms in Norway and Sweden. Our purpose is providing clean renewable energy for future generations, developing a sustainable society for the long term and create value for 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, 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 supported by strong owners and led by an experienced management team and board. Our shares are traded on Euronext Growth (Oslo Børs) under ticker CLOUD-ME. Our offices are located in Oslo, Norway (headquarters) and Karlstad, Sweden.
Who we are
Cloudberry is a Nordic renewable energy company.
What we do
We own, develop and operate hydropower plants and wind farms in Norway and Sweden.
To provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for stakeholders. Our purpose shapes every aspect of how Cloudberry operates.
Our commitments and values
We have a strong commitment to local communities and sustainable, long-term value creation for stakeholders and future generations.
Cloudberry Clean Energy AS (“Cloudberry”) was established in 2017 as an energy production company. In February 2020, we merged the company with a development company (former Scanergy AS) and an infrastructure fund (former CB Nordic Renewable & Infrastructure Fund I AS).
The rationale behind the merger was to unite the complementary characteristics of the businesses and highly experienced organisations under one roof to form a scalable platform for growth in the attractive Nordic renewable energy market.
Cloudberry has an integrated business model with two business segments: Develop and Production. This enables a simple and transparent value chain.
Cloudberry Develop holds a significant development portfolio with renewable assets in Sweden and Norway. Cloudberry Develop is responsible for development of hydro and wind power assets with the help of externally sourced construction partners. Two projects are currently under construction and will be operational during the fall of 2020, with take-over in the winter of 2021. Most of the assets developed are kept and transferred to Cloudberry Production while others are wholly or partly sold. Today, there are two assets under development that are held for sale through pre-merger agreements.
Cloudberry Production is the owner of two producing hydro and wind assets in Norway. The power production is sold on a continuous basis through bilateral agreements or through spot market, Nordpool spot. Producing assets are entitled to electricity certificates and guarantees of origin. Producing assets are remotely controlled from operational centres and we have operational agreements with local partners. Production and other key performance data are reported to The Norwegian Water Resources and Energy Directorate.
Our main shareholders
Cloudberry is backed by an active Board of Directors and high-quality shareholders:
- Joh. Johannson Eiendom AS: Owned by Johan Johannson and family. Significant investor in real estate, real estate development and renewable energy.
- The Bergesen family: Active investors with positions through the funds Snefonn and Havfonn. Previously one of the largest shipowners in the world, through Bergesen.
Cloudberry is located in Oslo, Norway (headquarters) and Karlstad, Sweden. We have ten employees, seven in Oslo and three in Karlstad.
Cloudberry is open to establishing relationships with partners offering expertise, local presence and competitive commercial terms. Today we have partners constructing and operating on technologically advanced platforms, optimising day-to-day operations. We use strategic partnering models and seek competitive pricing.