Our portfolio

Renewable energy contributes to conserving natural resources and reaching the climate goals.

Renewable energy contributes to conserving natural resources and reaching climate goals. Hydro and wind, together with other renewable energy sources, are playing an important part in the energy transition. We have a strong commitment towards local communities and sustainable, long-term value creation for stakeholders. We provide clean renewable energy by owning, developing and operating hydro power plants and wind farms in the Nordics.

Røyrmyra wind park, Finnsetbekken hydropower plants, and 34% ownership in the hydro portfolio Forte Vannkraft are all in production. Bjørgelva Kraft, Nessakraft, Åmotsfoss Kraft, Steinbergdalen Kraft, Flatestøl Kraft and Ramsliåna Kraft hydropower plants are under construction. Hån and Duvhällen wind parks are also under development but held for sale through already settled agreements. Our total secured annual average production capacity is around 500 GWh.

In addition to green field development, cultivation of our portfolio is an important part of our strategy that will shape our portfolio going forward and support value creation, portfolio balance and diversification.

Below is an overview of producing assets and assets under construction and development. A few selected assets, no longer a part of our portfolio, are included as they remain an important part of Cloudberry’s historical track record.

Bjørgelva Kraft Hydropower

Location: Sørreisa, Troms, Norway
Asset type: Hydro
In operation: Q4 2020
Installed capacity: 2.5 MW
Average annual production: 7.4 GWh
Status: Under construction

Bjørgelva Kraft is situated in Sørreisa municipality. The hydroelectric power plant will have an expected annual production of 7,4 GWh. Bjørgelva Kraft is built by Tinfos. Commissioning will start autumn 2020 and will be a part of our portfolio after a trial period in H1 2021.

Nessakraft Hydropower

Location: Balestrand, Vestland, Norway
Asset type: Hydro
In operation: Q4 2020
Installed capacity: 9.1 MW
Average annual production: 34 GWh
Status: Under construction

Nessakraft is situated in Balestrand municipality with a hydroelectric power plant of 9.1 MWh generator. The power plant will have an expected annual production of 34 GWh when fully operational. Construction started summer 2019, built by Tinfoss, and will be handed over after a trial period in H1 2021.

Åmotsfoss Kraft

Location: Nissedal, Vestfold and Telemark, Norway
Asset type: Hydro
In operation: Q2 2021
Installed capacity: 4.5 MW
Average annual production: 22.5 GWh
Status: Under construction

Åmotsfoss Kraft is located in Nidelva, the main river in Arendalsvassdraget, in Nissedal municipality in Norway. It is currently being constructed and the expected annual production is 22.5 GWh. The hydropower plant will be producing from a reservoir with storage capacity. The commissioning is scheduled to be early May 2021, and the handover will be end of August 2021 after a trial period.

Finnesetbekken Kraftverk Hydropower

Location: Nesbyen, Viken, Norway
Asset type: Hydro
In operation: 2011
Installed capacity: 1.45 MW
Average annual production: 3.2 GWh
Status: Producing

Finnesetbekken Kraftverk is located in Nes municipality. The power plant is a small hydroelectric power plant with an annual production of approx. 3,2 GWh.

Røyrmyra Vindpark Wind Farm

Location: Hå, Rogaland, Norway
Asset type: Wind
In operation: 2015
Installed capacity: 2.4 MW
Average annual production: 8.4 GWh
Status: Producing

Røyrmyra Vindpark is a Norwegian wind farm acquired in 2019. The three Enercon turbines have a combined capacity of 2.4 MW and has approx. 3.500 full load hours a year, and an annual production of 8.4 GWh. Cloudberry is in the process of expanding the wind farm.

Hån Vindpark Wind Farm

Location: Årjäng, Värmland, Sweden
Asset type: Wind
In operation: Q4 2021
Installed capacity: 21 MW
Average annual production: 88 GWh
Status: Under development

Hån Vindpark wind power is located in Årjäng municipality, Sweden, just off the Norwegian-Swedish border. Marker wind turbines are built on the Norwegian side of the border. Hån will have 6 wind turbines with an installed capacity of at least 21 MW and annual production of up to 88 GWh. The start of construction is Q3 2020 and commissioning is expected Q4 2021.

Duvhällen Vindparken Wind Farm

Location: Eskilstuna, Södermanslän, Sweden
Asset type: Wind
In operation: Q4 2023
Installed capacity: 56 MW
Average annual production: 165 GWh
Status: Under development

Duvhällen wind power plant is located in Eskilstuna municipality, Sweden, north-east of Lake Hjalmaren. Duvhällen will have 10 wind turbines with an installed capacity of up to 56 MW (compared with 30 MW in existing grid agreement) and annual production of up to 165 GWh. Construction is scheduled to start in 2022 and commissioning is expected Q4 2023.

Sättravallen Wind Farm

Location: Kristinehamn, Värmland, Sweden
Asset type: Wind
In operation: Q1 2016
Installed capacity: 52.8 MW
Average annual production: 86 GWh
Status: Sold to Alliance

Sättravallen wind power plant is located in Kristinehamn municipality, Sweden. The project is 5 km east of Kristinehamn Municipal Center, north and south of the E18 highway. The project was commissioned in March 2016. Sättravallen has 16 wind turbines with an installed capacity of 52.8 MW and annual production of 86 GWh. Sättravallen was sold to and financed by Alliance, which has invested in a number of wind power projects in the Nordic region.

Ränsliden Wind Park

Location: Mellerud, Västra Götaland, Sweden
Asset type: Wind
In operation: Q4 2018
Installed capacity: 25 MW
Average annual production: 86 GWh
Status: Sold to Prime Capital

Ränsliden wind power plant is located in Mellerud municipality, Dalsland, Sweden. The project was commissioned in October 2018. Ränsliden has 7 wind turbines with an installed capacity of 25 MW and annual production of 86 GWh. Ränsliden was sold and financed by Prime Capital AG, which has invested in a number of wind power projects in the Nordic region.

Marker4 4 4 Ysterudsvika Högås SCANERGY V126

Marker Vindpark Wind Farm

Location: Marker, Viken, Norway
Asset type: Wind
In operation: Q1 2019
Installed capacity: 54 MW
Average annual production: 193 GWh
Status: Sold to BKW Energie

Marker Vindpark wind power plant is located in Marker Municipality, Norway. The project was commissioned in spring 2019. The project is located approx. 6 km east of Ørje, along the Norwegain-Swedish border. Marker has 15 wind turbines with an installed capacity of 54 MW and annual production of 193 GWh. Marker was sold to and financed by BKW Energie, a Swiss utility, which also is a partner in the Fosen project

Solide fundamenter til de 217 meter høye vindturbinene i Odal Vindkraftverk

Solide fundamenter bygges til vindturbinene i Odal Vindkraftverk

Odal Wind Farm

Location: Odal, Innlandet, Norway
Asset type: Wind
In operation: Q1 2022
Installed capacity: 54 MW
Average annual production: 176 GWh
Status: Under construction

The Odal windfarm is currently under construction in Innlandet, Norway. Installation of 34 turbines with up to 163 MW capacity is expected to be completed within year-end 2021 with electricity production commencing in 1Q 2022. The windfarm is developed together with experienced partners KLP and Akershus Energi. Cloudberry completed a transaction for the acquisition of 15% in year end 2020, and has the right to, and intends to, acquire up to a 33.4% shareholding in Odal windfarm by 30 June 2021. For more information about the Odal windfarm: https://odalvind.no/

Rewind Vänern

Location: Lake Vänern, Sweden
Asset type: Wind
In operation: Construction start 2021/2022
Installed capacity: 100 MW
Status: Under development

The 16-turbine/100 MW project is located in shallow water on the largest lake in southern Sweden, Lake Vänern. Construction start is anticipated in 2021/2022. Cloudberry and Downing LLP have signed a share purchase agreement for the construction and ownership of the nearshore, shallow water wind farm in Lake Vänern. Cloudberry will own 20% of the project after commissioning.

Tverrdalselvi Hydropower

Location: Fjærland, Vestland, Norway
Asset type: Hydro
In operation: 2020
Installed capacity: 6 MW
Average annual production: 17.2 GWh
Status: Producing

Skeidsflåten Hydropower

Location: Fjærland, Vestland, Norway
Asset type: Hydro
In operation: 2020
Installed capacity: 4.8 MW
Average annual production: 17.9 GWh
Status: Producing

Anga Hydropower

Location: Førde, Vestland, Norway
Asset type: Hydro
In operation: 2019
Installed capacity: 7.8 MW
Average annual production: 21.7 GWh
Status: Producing

Langedal Hydropower

Location: Flora, Vestland, Norway
Asset type: Hydro
In operation: 2018
Installed capacity: 3.0 MW
Average annual production: 12 GWh
Status: Producing

Botna Hydropower

Location: Fjærland, Vestland, Norway
Asset type: Hydro
In operation: 2020
Installed capacity: 2.0 MW
Average annual production: 6.6 GWh
Status: Producing

Setredalen Hydropower

Location: Bremanger, Vestland, Norway
Asset type: Hydro
In operation: 2019
Installed capacity: 4.8 MW
Average annual production: 20 GWh
Status: Producing

Rusdalsåni Hydropower

Location: Lund, Rogaland, Norway
Asset type: Hydro
In operation: 2019
Installed capacity: 5.2 MW
Average annual production: 17.8 GWh
Status: Producing

Svardøla Hydropower

Location: Luster, Vestland, Norway
Asset type: Hydro
In operation: 2018
Installed capacity: 9.8 MW
Average annual production: 29.3 GWh
Status: Producing

Kvitno Hydropower

Location: Odda, Vestland, Norway
Asset type: Hydro
In operation: 2015
Installed capacity: 9 MW
Average annual production: 32.5 GWh
Status: Producing

Strupen Hydropower

Location: Gloppen, Vestland, Norway
Asset type: Hydro
In operation: 2017
Installed capacity: 1.9 MW
Average annual production: 6.9 GWh
Status: Producing

Eldao Hydropower

Location: Luster, Vestland, Norway
Asset type: Hydro
In operation: 2018
Installed capacity: 9.7 MW
Average annual production: 29.4 GWh
Status: Producing

Bråberg Hydropower

Location: Ullensvang, Vestland, Norway
Asset type: Hydro
In operation: 2018
Installed capacity: 2.0 MW
Average annual production: 6.4 GWh
Status: Producing

Espeelvi Hydropower

Location: Ullensvang, Vestland, Norway
Asset type: Hydro
In operation: 2018
Installed capacity: 4.6 MW
Average annual production: 12 GWh
Status: Producing

Selselva Hydropower

Location: Sunnfjord, Vestland, Norway
Asset type: Hydro
In operation: 2016
Installed capacity: 5.3 MW
Average annual production: 20 GWh
Status: Producing

Selselva Kraft is a producing hydropower plant located in Sunnfjord municipality in Vestland county with an annual production at a normalized level of 20 GWh.

Steinbergdalen Hydropower

Location: Lund, Rogaland, Norway
Asset type: Hydro
In operation: Q4 2021
Installed capacity: 2.4 MW
Average annual production: 7.5 GWh
Status: Under construction

The hydropower plants, Steinbergdalen and Flatestøl (Skåråna Kraft), will be built in 2021 and are planned to start production in the fourth quarter of 2021.

Flatestøl Hydropower

Location: Lund, Rogaland, Norway
Asset type: Hydro
In operation: Q4 2021
Installed capacity: 2 MW
Average annual production: 6.5 GWh
Status: Under construction

The hydropower plants, Steinbergdalen and Flatestøl (Skåråna Kraft), will be built in 2021 and are planned to start production in the fourth quarter of 2021.

Ramsliåna Hydropower

Location: Flekkefjord, Agder, Norway
Asset type: Hydro
In operation: Q4 2021
Installed capacity: 1.75 MW
Average annual production: 6 GWh
Status: Under construction

Ramsliåna hydro plant is located in Flekkefjord municipality in Agder county. The hydropower plant is expected to have full year production, with an annual production at a normalized level of 6 GWh.