Aankondiging • Mar 20
Cloudberry Clean Energy ASA (OB:CLOUD) acquired 50% stake in 132-megawatt onshore wind farm in Finland from Sampi Renewables Holding As. Cloudberry Clean Energy ASA (OB:CLOUD) signed a share purchase agreement to acquire 50% stake in 132-megawatt onshore wind farm in Finland from Sampi Renewables Holding As for €78.1 million on March 13, 2026. The agreed enterprise value for Cloudberry’s 50% of the wind farm is €75 million on a cash and debt-free basis. The new shares will be issued at the current market price of €1.11 (rounded) per share represented by the 20-day volume-weighted average share price prior to signing of the share purchase agreement. This implies the issuance of 17,980,314 new shares, corresponding to 5.3% of the outstanding shares in Cloudberry following the issuance. The payment for the acquired shares, including the refinancing of existing project debt, will be financed through a combination of new debt, new shares, and cash €45 million in a ring-fenced debt structure from a Nordic bank, €20 million to be settled in new shares in Cloudberry Clean Energy ASA, and €12 million to be settled in cash from Cloudberry’s balance sheet.
The transaction is subject to customary closing conditions. Closing is expected to take place within one month from signing of the share purchase agreement.
Cloudberry Clean Energy ASA (OB:CLOUD) completed the acquisition of 50% stake in 132-megawatt onshore wind farm in Finland from Sampi Renewables Holding As on March 18, 2026. As part of the completion, the board of directors has today resolved to issue 17,980,314 new shares in per share as partial settlement for the Acquisition. Aankondiging • Apr 19
Cloudberry Clean Energy ASA Announces Board Changes On 16 April 2024 the annual General Meeting of Cloudberry Clean Energy ASA was held and approved Mads Andersen is elected as a new board member for one year. Tove Feld is elected as the chairperson. Following this, the Board of Directors is composed by: Petter W. Borg, board member (elected until 2025), Benedicte H. Fossum, board member (elected until 2025), Henrik Joelsson, board member (elected until 2025), Nicolai Nordstrand, board member (elected until 2025), Alexandra Koefoed, board member (elected until 2025), Mads Andersen, board member (elected until 2025). In accordance with the proposal of the Nomination Committee, the General Meeting adopted the following resolution: Morten Bergesen, chair (elected until 2025), Henrik Lund (elected until 2025) and Joakim Gjersøe (elected until 2026). Aankondiging • Feb 09
Cloudberry Clean Energy ASA Announces Chief Financial Officer Changes, Effective July 1, 2024 Cloudberry Clean Energy ASA has appointed Ole-Kristofer Bragnes as Chief Financial Officer (CFO). Former Chief Value Officer (CFO) Christian Helland will continue in Cloudberry as the Chief Commercial Officer (CCO) with an increased focus on value creation for the group. Helland will as CCO lead Cloudberry's commercial, M&A and new technologies segment. Bragnes currently serves as the Senior Financial Officer in Cloudberry, and he has over seven years of experience with capital markets transactions, debt structuring and other senior management roles including a former position as CFO of Pioneer Property Group ASA. Christian Helland will hold the position until Ole-Kristofer Bragnes enters the CFO position July 1, 2024. Aankondiging • Feb 08
Cloudberry Clean Energy ASA Appoints Christian Helland as Chief Commercial Officer Cloudberry Clean Energy ASA announced former Chief Value Officer (CFO) Christian Helland will continue in Cloudberry as the Chief Commercial Officer (CCO) with an increased focus on value creation for the group. Helland will as CCO lead Cloudberry's commercial, M&A and new technologies segment. Aankondiging • Dec 21
Cloudberry Clean Energy ASA (OB:CLOUD) acquired remaining 40% stake in Captiva AS from Captiva Capital Partner AS for NOK 23 million. Cloudberry Clean Energy ASA (OB:CLOUD) acquired remaining 40% stake in Captiva AS from Captiva Capital Partner AS for NOK 23 million on December 20, 2023.Cloudberry Clean Energy ASA (OB:CLOUD) completed the acquisition of remaining 40% stake in Captiva AS from Captiva Capital Partner AS on December 20, 2023. Aankondiging • Nov 09
Cloudberry Clean Energy ASA (OB:CLOUD) commences an Equity Buyback Plan for 7,000,000 shares, representing 2.4% of its issued share capital, under the authorization approved on September 28, 2023. Cloudberry Clean Energy ASA (OB:CLOUD) commences share repurchases on October 31, 2023, under the program mandated by the Annual General Meeting held on September 28, 2023. As per the mandate, the company is authorized to repurchase up to 7,000,000 shares, representing 2.4% of its issued share capital. The purchase price shall be minimum NOK 0.25 and maximum NOK 14.60 per share. The program is valid till June 30, 2024. As of September 28, 2023, the company had 291,370,104 shares issued and outstanding.
On October 30, 2023, the company announced a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, with an aggregate maximum amount of NOK 43.8 million. The shares will be repurchased with a maximum price of NOK 14.60 per share. The purpose of the program is to reduce the capital of the Company. The program is expected to commence around November 1, 2023 and will be completed on December 31, 2023, at the latest. Aankondiging • Jul 01
Norsk Vannkraft As acquired 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million. Norsk Vannkraft As entered into a share sale and purchase agreement to acquire 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million on June 16, 2023. The transaction is expected to close 30 June 2023 and is not subject to any conditions. Advokatfirma DLA Piper Norway DA has acted as legal counsel for Cloudberry. The transaction is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Norsk Vannkraft As completed the acquisition of 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million on June 30, 2023. Aankondiging • Jun 17
Norsk Vannkraft As entered into a share sale and purchase agreement to acquire 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million. Norsk Vannkraft As entered into a share sale and purchase agreement to acquire 4.5-MW Hydro Plant in Norway, Selselva Kraft AS and Nessakraft AS from Cloudberry Clean Energy ASA (OB:CLOUD) for NOK 703 million on June 16, 2023. The transaction is expected to close 30 June 2023 and is not subject to any conditions. Advokatfirma DLA Piper Norway DA has acted as legal counsel for Cloudberry. Aankondiging • Jun 01
Cloudberry Clean Energy ASA (OB:CLOUD) completed the acquisition of 80% stake in Odin Energy P/S from Skovgaard Energy A/S for DKK 1 265 million. Cloudberry Clean Energy ASA (OB:CLOUD) signed a sale and purchase agreement to acquire 80% stake in Odin Energy P/S from Skovgaard Energy A/S on February 10, 2023. Skovgaard will keep a 20% ownership The agreed enterprise value for 80% of Odin Energy is DKK 1,488 million. The final purchase price will be reduced with the cash flow generation between January 1, 2023 to Closing of the deal. As part of the transaction and included in the enterprise value, Odin will also purchase the land associated with the Danish turbines and certain rights to new wind and solar projects through a development agreement with Skovgaard. The transaction will be divided into two tranches, where Tranche 1 includes all entities which are wholly owned and partially owned entities without pre-emptive rights, Tranche 2 covers entities which are partially owned with pre-emptive rights. The acquisition of the portfolio will be fully financed by existing cash and the existing bank facility available to Cloudberry by Nordic banks. The transaction is inter alia subject to approval from Danish authorities. The transaction is expected to close in later in the second quarter of 2023. Cloudberry Clean Energy ASA (OB:CLOUD) completed the acquisition of 80% stake in Odin Energy P/S from Skovgaard Energy A/S for DKK 1 265 million on May 31, 2023. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr10.90, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: kr0.48 (vs kr0.40 loss in FY 2021) Full year 2022 results: EPS: kr0.48 (up from kr0.40 loss in FY 2021). Revenue: kr217.0m (up kr180.9m from FY 2021). Net income: kr121.0m (up kr184.0m from FY 2021). Profit margin: 56% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Recent Insider Transactions • Feb 17
Board Member recently bought kr494k worth of stock On the 14th of February, Henrik Joelsson bought around 40k shares on-market at roughly kr12.34 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Feb 11
Cloudberry Clean Energy ASA (OB:CLOUD) signed a sale and purchase agreement to acquire 80% stake in Odin Energy P/S from Skovgaard Energy A/S. Cloudberry Clean Energy ASA (OB:CLOUD) signed a sale and purchase agreement to acquire 80% stake in Odin Energy P/S from Skovgaard Energy A/S on February 10, 2023. Skovgaard will keep a 20% ownership The agreed enterprise value for 80% of Odin Energy is DKK 1,488 million. The final purchase price will be reduced with the cash flow generation between January 1, 2023 to Closing of the deal. As part of the transaction and included in the enterprise value, Odin will also purchase the land associated with the Danish turbines and certain rights to new wind and solar projects through a development agreement with Skovgaard. The transaction will be divided into two tranches, where Tranche 1 includes all entities which are wholly owned and partially owned entities without pre-emptive rights, Tranche 2 covers entities which are partially owned with pre-emptive rights. The acquisition of the portfolio will be fully financed by existing cash and the existing bank facility available to Cloudberry by Nordic banks. The transaction is inter alia subject to approval from Danish authorities. The transaction is expected to close in later in the second quarter of 2023. Board Change • Feb 01
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Board Member Henrik Joelsson was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Jan 13
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 7 non-independent directors. Board Member Henrik Joelsson was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. 
