Cloudberry Clean Energy ASA | Signed SPA to purchase hydropower plant in Norway
Oslo, Norway, 20 August 2021: Cloudberry Clean Energy ASA (“Cloudberry” or “the company”) has signed a Share Purchase Agreement (SPA) to purchase Usma Kraft AS, a hydropower company in Norway. Cloudberry, a Nordic renewable energy company, is purchasing the hydropower plant as part of the execution of its growth strategy focused on owning, developing and operating hydro and wind power in Norway and Sweden.Usma Kraft hydropower plant is located in Selbu municipality in Trøndelag county and produces from the water in lake Usme and Gardåa river. The expected annual production is 25.5 GWh (9 MW)