Cloudberry Clean Energy ASA

Cloudberry Clean Energy ASA | Sale of 50% of the shares in Cloudberry Offshore Wind AS

Oslo, Norway, 16 September 2022: Reference is made to the stock exchange

announcement of 6 July 2022 (https://newsweb.oslobors.no/message/566527),

announcing Cloudberry Clean Energy ASA's ("Cloudberry" or the "Company") binding

term-sheet with Hafslund for the sale of 50% of the shares in Cloudberry

Offshore Wind AS (the "Transaction"), to form a 50/50 joint venture with

Hafslund Vekst AS (previously named Hafslund Industrielt Eierskap AS)

("Hafslund"). Cloudberry Offshore Wind AS indirectly owns the 100 MW shallow

-water wind project Stenkalles Grund in the lake of Vänern in south-central

Sweden (SE3).

The parties have today entered into the share purchase agreement and completion

of the Transaction will take place on or around 19 September 2022.

For further information please contact:

Anders Lenborg, CEO, +47 934 13 130, [email protected]

Charlotte Bergqvist, CDO, +46 703 64 19 68, [email protected]

Christian Helland, CVO, +47 418 80 000, [email protected]

About Cloudberry

Cloudberry is a renewable energy company operating in the Nordics and in

accordance with local traditions. The Company owns, develops, and operates

hydropower plants and wind farms in Norway and Sweden. Cloudberry is powering

the energy transition to a sustainable future by providing new renewable energy

today and for future generations. The Company believes in a fundamental long

-term demand for renewable energy in Europe. With this as a fundament,

Cloudberry is building a sustainable, scalable, efficient, and profitable

platform for creation of shareholder value. Cloudberry`s shares are traded on

Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led

by an experienced team and board. The Company has offices in Oslo, Norway (main

office), Karlstad, Gothenburg and Eskilstuna, Sweden. To learn more about

Cloudberry, go to www.cloudberry.no

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