Cloudberry in brief
Cloudberry is a renewable energy company, born, bred, and operating in the Nordics. We develop, own and operate hydropower plants, wind farms, solar plants, battery energy systems (“BESS”), and powered land in Norway, Sweden, Denmark, and Finland. We are powering the transition to a sustainable future by creating new renewable energy today and for future generations. As the junction box between capital, projects and local stakeholders, we balance respect for nature, biodiversity, and community values with sustainable and profitable growth. We believe in a fundamental, long-term and increasing demand for renewable energy in Europe. With this as a cornerstone, we have built a sustainable and scalable platform for creating stakeholder value.
“We are powering the transition to a sustainable future by creating new renewable energy today and for future generations”
Cloudberry’s business model is reflected in our organization
Cloudberry has a “develop, own, and operate” business model of renewable assets which is organized in three revenue generating segments and one cost-efficient corporate segment. Projects is a developer of hydro, wind, solar, powered land and storage projects, including an experienced construction team in charge of building power plants with a solid track record. Commercial is an active owner of renewable power assets in the Nordics, and in charge of M&A and partnerships in Cloudberry. Asset Management operates and manages renewable assets primarily for external clients, as well as Cloudberry's own portfolio, ensuring sustainable performance and value creation for all stakeholders.
Our strong commitment to local communities and our integrated and responsible focus on the value chain ensure value creation and optimization of stakeholder interests.
Our Values
Cloudberry’s growth strategy
Our portfolio of producing assets and assets under construction consists of 30 hydropower assets, 131 wind turbines (organized in seven projects) and one BESS project, wholly and partially owned. The scalable Cloudberry platform is positioned for profitable growth, both in terms of energy production, and growth in our in-house development portfolio. We are backed by strong owners and an experienced management team. Our shares are traded on the Oslo Stock Exchange’s main list, ticker: CLOUD.
Information about reporting format
Cloudberry reports consolidated financial statements in accordance with IFRS and, in addition proportionate segment reporting. Proportionate figures include Cloudberry’s share of revenue, EBITDA, assets, and debt from all entities, including associated companies and joint ventures, and exclude non-controlling interests. Proportionate figures are also presented without eliminations of transactions between segments, so internal revenues and costs between segments are retained. This reflects how management steers the business and is therefor used for segment reviews, targets and capital allocation.
Unless otherwise stated, key figures in the “Highlights and key figures”, “Operational review” and segment sections are presented on a proportionate basis, while the condensed interim financial statements are presented according to IFRS.