Cloudberry Clean Energy ASA | Update on tax proposal
Oslo, Norway, 30 September 2022: On Wednesday the Norwegian Government proposed significant changes to the taxation of Norwegian renewables. The proposed changes include a new resource tax (“Grunnrenteskatt”) for onshore wind at 40% and a windfall tax for wind- and hydropower at 23 % of price above (approx.) 70 EUR/MWh. In addition, they propose an increase in the production tax for onshore wind and the implementation of a nature resource tax (“Naturressursskatt”) for onshore wind that both will be deducted in the resource tax.Cloudberry is continuously assessing the situation and how the
Olkiluoto 3’s nuclear commissioning has proceeded to the full electrical power level of approximately 1,600 MW. The plant unit is now the most powerful electricity production facility in Europe and the third most powerful globally. Regular electricity production is to start in December 2022.Approximately 40 percent of Finland’s electricity is currently produced in Olkiluoto. Olkiluoto 1 and Olkiluoto 2 both produce approximately 21 percent of the current electricity demand and Olkiluoto 3 approximately 19 percent.
- Today, we have reached a historically important figure on our production
