Cloudberry Clean Energy ASA | Increasing ownership in the Forte hydropower portfolio
Oslo, Norway, 27 June 2024: Cloudberry ("Cloudberry" or the "Company") has today entered into a share sale and purchase agreement (the “Transaction”) for the acquisition of 15.99% of the shares in Forte Energy Norway AS (“Forte”) from a fund managed by Swiss Life Asset Managers. Forte is a Norwegian hydropower portfolio which consist of 14 hydropower plants and one power offtake agreement with an annual estimated production of 234 GWh and 20 GWh respectively; in total 254 GWh.The Transaction increases Cloudberry’s ownership in the Forte portfolio to 49.99%. As such the proportionate power