Cloudberry Clean Energy ASA | Cloudberry enters Denmark. Transformative transaction increasing power capacity by 70%
Oslo, Norway, 10 February 2023: Cloudberry Clean Energy ASA’s ("Cloudberry" or the "Company") has today indirectly signed a sale and purchase agreement with Skovgaard Energy A/S (“Skovgaard”), a Danish renewable energy developer. The agreement secures Cloudberry a majority stake in a portfolio consisting of up to 51 high-quality wind turbines in production, with 47 turbines located in Denmark and additional 4 turbines in southern Sweden.Cloudberry will acquire 80% ownership in the newly established company Odin Energy P/S (“Odin”) while Skovgaard will keep a 20% ownership. This adds a total