Cloudberry Clean Energy ASA | Update on tax proposal for Norwegian on-shore wind
Oslo, Norway, 09 October 2023: Friday 6 October the Norwegian Government published their proposed National Budget for 2024 which included an updated proposal for taxation of the on-shore wind industry.The initial proposal was introduced September 2022 with planned effect from the fiscal year 2023. It was later postponed to enter into effect for the fiscal year 2024. Compared to the initial proposal by the government, the updated proposal on 6[th] of October 2023 has some improvements with the most material for Cloudberry being: i. The proposed resource tax (NO: Grunnrenteskatt) for