FilingReader Intelligence
Cloudberry completes €53m hydro platform transaction
July 11, 2025 at 02:42 PM UTC•By FilingReader AI
Cloudberry Clean Energy has injected its hydropower portfolio into Forte Vannkraft AS, valued at €53.2m, achieving ~60% ownership in the Forte portfolios.
This increases Cloudberry's proportionate hydro production from ~200 GWh to ~300 GWh, with a consolidated portfolio of ~500 GWh.
The transaction includes acquiring 5.01% in Forte Energy Norway for ~€5m, boosting Cloudberry's ownership to 55%. The combined portfolio benefits from a 300 GWh project backlog.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:CLOUD•Oslo Stock Exchange
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