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.

Development

  • Cloudberry has extensive experience of in-house developing of wind and hydropower resources in the Nordic region.
  • We source construction externally from high-quality partners.
  • We are a flexible platform allowing us to selectively decide to divest or retain assets on an asset-by-asset basis.

Production

  • Holds producing wind farms and hydropower assets.
  • Optimizes production through geographical diversification and a balanced portfolio of hydropower and wind assets.
  • Revenues are mainly generated from the sale of power production, electricity certificates, and guarantees of origin.
  • Sales include both long-term fixed power purchase agreements (PPAs) and exposure to electricity sold in the spot market.


Asset Management:

  • We offer a first-class data-driven service package for technical and commercial management and operation of hydropower plants and wind farms.
  • We ensure efficient management and operation of power plants owned by Cloudberry and offer services to third parties.
  • The combination of own power plants and third parties provides economies of scale and ensures expertise in a scalable platform for further growth.
  • Circulating data and experience back to Cloudberry's development portfolio and ensuring optimal development of new facilities.
  • Prioritizing the further development of industrial digital solutions tailored to renewable energy.
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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.