Environmental
Sustainability is about balancing various considerations. We focus on creating renewable energy while taking care of the environment and climate.
With this in mind, we always look for ways to minimise the environmental footprint and has a responsibility to help reduce our emissions and the negative impact the company has on climate and the environment. Cloudberry will create a roadmap to reach net-zero from our emissions no later than 2040, with the aim of using this process to identify pathways to reach net-zero even earlier.
Cloudberry carries out a lifecycle assessment of greenhouse gas (GHG) emissions for the company’s hydro and wind power assets, and we are annually reporting our carbon emissions in line with the Greenhouse Gas (GHG) Protocol. Cloudberry continues its assessment of economic activities in accordance with the Taxonomy and is prepared to report in accordance with the EU Taxonomy requirements on our hydropower plants and wind farms.
In line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), Cloudberry has identified and assessed its climate-related risks and opportunities, on which the scenario analysis is based upon. The full TCFD report and the scenario analysis is available here.
Read more in our annual Sustainability Report.
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Hydro energy
A hydropower plant has no direct carbon emissions and is among the best energy generation technologies in terms of greenhouse gas (GHG) emissions performance. In Norway, hydropower has been produced for more than 100 years and environmental factors are strictly regulated by the government and concessionary authorities.
Development and operations of hydropower plants affect river systems. Cloudberry complies with strict environmental requirements for the hydro industry. We consider requirements for minimum water levels and monitor river flow patterns, biodiversity, and act when required and needed.
Wind energy
Wind farms have rapidly turned into one of the most cost-efficient sources for renewable energy production. The combination of cost competitiveness and great wind conditions in the Nordic, make it attractive to own, develop and operate wind assets in Norway and Sweden.
Development and operations of wind farms impact the environment first and foremost through its visibility in the landscape. A wind farm depends on good wind conditions which typically can be found on high ground or in open countryside.
Cloudberry seeks to minimize the visual impact and aims to build larger, but fewer turbines to reduce land use and noise level on the ground whilst seeking to balance the size of the shade area and potential ice throw during cold weather. Wind farms and surrounding infrastructure may impact the conditions of fauna and flora, animals and birdlife and may change their conditions of life. Further studies relating to the environment, nature and wildlife are carried out to identify potential negative consequences of the project. The result of the studies needs to conclude on an acceptable risk level prior to progressing the project further.
Read more about our sustainability approach, priorities, and achievements in our annual Sustainability Report.
