Cloudberry Clean Energy ASA | The Government’s clarification of onshore wind tax has 11 MNOK positive effect on Q1 results
Oslo, Norway, 11 May 2023: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”) is pleased that The Norwegian Government announced today to postpone the implementation of the resource rent tax on onshore wind energy. This decision will have a positive impact on the calculated tax for the wind farms Odal Vind and Røyrmyra, improving the Q1 2023 net profit (including the consolidated EBITDA) for Cloudberry with approx. NOK 11 million. Other renewable assets in the Cloudberry portfolio are not hit by the proposed resource rent tax.The Government plans to put forward a Parliamentary Bill