Cloudberry Clean Energy ASA | Final Investment Decision on Munkhyttan I
Oslo, Norway, 1 June 2023: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”) is pleased to announce the final investment decision on Munkyttan I. Cloudberry plans to install 18.6 MW (three Vestas V162 turbines of 6.2 MW each). The expected annual production is 60 GWh with a long-term ~97% uptime guarantee and a 30-year service agreement with Vestas. Total capex cost is estimated to be slightly above EUR 30 million. Site preparation is expected to start Q3 2023 with expected revenue generation by year-end 2024.The project has a strong strategic fit in Cloudberry’s portfolio adding