Cloudberry Clean Energy ASA

Regulatory Filings • Jun 22, 2021

Cloudberry Clean Energy ASA | The Nordic renewable energy company Cloudberry Clean Energy ASA lists on Oslo Børs

Cloudberry Clean Energy ASA | The Nordic renewable energy company Cloudberry Clean Energy ASA lists on Oslo Børs

Oslo, Norway, 22 June 2021: Cloudberry Clean Energy ASA ("Cloudberry" or "the

Company") uplists from Euronext Growth to Oslo Stock Exchange's main list, Oslo

Børs.

Since Cloudberry was listed on Euronext Growth in April 2020, the company has

raised NOK 1.8 billion in equity from Nordic and international investors,

enabling substantial progress in developing the company's portfolio of wind and

hydropower energy assets in Norway and Sweden.

"Over the last 15 months, we have secured and fully funded assets in production

and under construction of above 100 MW and assets with construction permits of

similar size. Our main priority now is to successfully deliver on all these

projects", says Anders Lenborg, CEO of Cloudberry.

The core of Cloudberry's strategy is to progress new projects from early stage

permitting to ready-to-build wind and hydro power assets to deliver substantial

value to our shareholders and other stakeholders. The Company has a large and

growing portfolio of permitted projects, backlog and pipeline, and is expecting

to be able to make the final investment decisions related to the Hån windfarm in

Q2, 2021 and the Duvhällen windfarm in 2022.

In addition, Cloudberry is in negotiations for both wind and hydro projects that

are ready-to-build where the Company can leverage its unique positioning to

create attractive returns. These opportunities are strong testaments to

Cloudberry's successful strategy; being local, agile and with a focus on

attractive investment opportunities.

"Cloudberry offers a unique opportunity for investing in Nordic hydro- and wind

power. We are pleased to see increasing interest and support from professional,

long-term investors across geographies as we are growing our portfolio of hydro-

and wind power assets. The uplisting to Oslo Børs represents another important

milestone for the Company and supports continued strong growth and stakeholder

value creation", concludes CEO Anders Lenborg.

For further information, please contact:

Anders Lenborg, CEO

Phone: +47 934 13 130

Email: al@cloudberry.no

Christian Helland, CVO

Phone: +47 418 80 000

Email: ch@cloudberry.no

Suna F. Alkan, CSO

Phone: +47 913 02 907

Email: sa@cloudberry.no

About Cloudberry

Cloudberry Clean Energy ASA is a Nordic renewable energy company, owning,

developing, and operating hydro power plants and wind farms in Norway and

Sweden. The Company`s purpose is to provide clean renewable energy for future

generations, developing a sustainable society for the long term and creating

value for our stakeholders. The Company believes in a fundamental long-term

demand for renewable energy in the Nordics and Europe, and purpose shapes every

aspect of how Cloudberry operates.

Cloudberry`s shares are currently admitted to trading on Oslo Stock Exchange's

main list (Oslo Børs), supported by strong owners and led by an experienced

management team and board. The Company is located in Oslo, Norway (main office)

and Karlstad, Sweden. To learn more about Cloudberry, go to www.cloudberry.no.