Cloudberry Clean Energy ASA | Power purchase agreement at attractive levels
Oslo, Norway, 25 October 2023: Cloudberry Clean energy ASA (“Cloudberry”) is pleased to announce that we have entered into a three-year power purchase agreement (“PPA”) in Denmark in relation to the Odin portfolio with a leading Nordic counterpart. The contract locks in DKK 73m (NOK 116m) in proportionate revenue over a three-year period.The PPA is a three-year monthly baseload contract for a fixed annual volume of 31.5 GWh in DK-1 with a fixed power price of DKK 0.77/kWh (NOK 1.22 per kWh). The contract will cover about 4% of Cloudberry’s total expected production during 2024. The PPA