Oslo, Norway, 04 November 2026: Cloudberry Clean Energy ASA ("Cloudberry" or the
"Company") delivered record-high quarterly production and power-related
revenues, and nearly five times proportionate EBITDA growth compared to the same
quarter last year.
Financial highlights
- Strong financial performance: Delivered strong financial growth, with
revenue more than doubling and EBITDA increasing almost 5x year-over-year on a
proportionate basis. Record-high production and higher realized power prices
compared to the same quarter last year resulted in Cloudberry's highest
quarterly power-related revenues to date.
- Revenue: Consolidated revenue of NOK 302m (130m) and proportionate revenue
of NOK 349m (158m).
- EBITDA: Consolidated EBITDA of NOK 160m (143m) and proportionate EBITDA of
NOK 165m (36m).
- Production: Proportionate production of 295 GWh over the quarter (177
GWh).
- Higher prices: Realized an average net power price of NOK 0.93 per kWh
(NOK 0.61 per kWh) compared to the Nordic system price of NOK 0.81 per kWh over
the quarter.
Highlights during the quarter
- Transformative acquisition establishes Cloudberry as a leading Nordic IPP:
Completed the acquisition of Orrön Energy's Nordic renewable energy platform,
creating a larger, more diversified power producer with 2.1 TWh of annual
proportionate production across all Nordic price areas.
- Signed powered land development agreement: Signed an agreement with Winn
Eiendom to develop a large-scale powered land project in Selbu, Norway with
potential gross capacity of more than 200 MW.
- Commissioned three assets (total of 15 MW) and reached FID on one new BESS
project (8 MW), demonstrating strong execution across hydro and battery storage
projects.
- New service agreement at Odal: Entered into a new 10-year support agreement
with Siemens Gamesa at the Odal wind farm, ensuring the basis for stable and
predictable long-term operation.
Cloudberry invites investors, analysts, and other stakeholders to a company
presentation today at 10:00 CET. Please use the following link to register and
join: https://catapultfilm.videosync.fi/cloudberry_clean_energy_asa_q3_2026.
The third quarter report for 2026, the presentation material, and the link to
the webcast and Q&A session is available at http://www.cloudberry.no/.
For further information please contact:
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading
Act. This stock exchange announcement was published by Ole-Kristofer Bragnes,
CFO, in Cloudberry Clean Energy ASA on 04 November 2026, at 07:00 CET.
About Cloudberry
Cloudberry is a leading Nordic IPP, listed on Oslo Børs (ticker: CLOUD). The
Company develops, owns, and operates a diversified portfolio across the Nordics,
with approximately 2.1 TWh of annual proportionate production from wind,
hydropower and battery storage. The Company is also developing powered land and
data centre opportunities, leveraging its expertise in power, grid and land.
Cloudberry is powering the energy transition by delivering renewable energy
today and for future generations. Supported by a long-term conviction in growing
demand for renewable energy, the Company is building a scalable, efficient and
profitable platform for sustainable shareholder value creation. Cloudberry is
supported by strong owners and led by an experienced management team and board.
The Company has its main office in Oslo, Norway, with additional offices in
Karlstad, Gothenburg, Eskilstuna and Visby, Sweden, and Lemvig, Denmark.
\, with additional offices in\
Karlstad\, Gothenburg\, Eskilstuna and Visby\, Sweden\, and Lemvig\, Denmark.\