Cloudberry Clean Energy ASA | Fourth quarter 2021 financial results
Oslo, Norway, 11 February 2022: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”) reports strong growth in production, revenue and balance sheet for the fourth quarter of 2021. Higher power prices increased revenues, together with an increase of power plants in production.Result highlightsThe quarterly production, proportionate, totalled 48 GWh, compared to 13 GWh in fourth quarter 2020. Revenue in fourth quarter grew from NOK 2 million in 2020 to NOK 22 million in 2021 (consolidated). The Company realized an average power price of NOK 0.71/kWh during the fourth quarter.