Cloudberry Clean Energy ASA | Second quarter and first half year 2023 report
Oslo, Norway, 15 August 2023: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”) reports a strong financial and operational second quarter.· Financial highlights · Cloudberry demonstrates significant value creation through the sale of three hydropower plants. This shows Cloudberry's ability to execute on local projects in the development phase and turn them into highly attractive producing assets. The sale is a strong proof of the fundamental value of the existing portfolio with a transaction value of NOK 703 million, yielding an internal rate of return (IRR) of above 55% p.a.