Cloudberry Clean Energy ASA ("Cloudberry" or the "Company) has entered into an
agreement with a European infrastructure investor ("the Investor") to establish
one of the largest small-scale hydro platforms in the Nordics (the "HydroCo"),
with Cloudberry as the controlling shareholder.

This transaction will increase Cloudberry's proportionate hydro production from
~200 GWh to ~300 GWh and the consolidated HydroCo portfolio will comprise around
500 GWh (70 GWh currently consolidated) of producing and under-construction
hydropower plants. The majority of the combined portfolio is located in
attractive southern price regions.

Key Transaction Highlights:

  · Cloudberry will inject its hydropower portfolio and hydro projects as
contribution in kind in HydroCo. Through an additional cash payment of
approximately EUR 5m, Cloudberry will obtain an ownership stake of approximately
60% in HydroCo.
  · HydroCo's hydropower portfolio will total ~500 GWh on a 100% basis.
Cloudberry's proportionate exposure will be approximately 300 GWh, of which 6
projects are under construction.
  · HydroCo will consist of a team of 6 people with leading small-scale hydro
capabilities
  · Following the inclusion of Cloudberry's hydro projects, the portfolio will
benefit from a project backlog of a total of approximately 300 GWh, including
the existing Cloudberry backlog projects.
  · HydroCo will have its own corporate financing structure, targeting an
approximately 50/50 loan to value ratio. This will, together with approximately
EUR 5-8m in expected funding from Cloudberry, be sufficient to fund the
remaining capex on the projects under construction.

Strategic Rationale:
This partnership provides Cloudberry with control over a large, diversified
hydro portfolio, with a limited liquidity impact. The collaboration brings
increased development competence and capabilities, a substantial project
backlog, and a strengthened industrial network complementary to Cloudberry's
existing team. Cloudberry will manage the portfolio, doubling its hydro asset
management volumes and increasing both profitability and operational leverage.
The combined portfolio is expected to deliver stable, long-term cash flows, with
an average asset life exceeding 50 years.

"We are proud to lead this strategic hydro initiative. This transaction expands
our portfolio, strengthens our development capabilities, and reinforces
Cloudberry's position as a leading Nordic renewable energy platform," says
Anders Lenborg, CEO of Cloudberry.

The final purchase price is subject to adjustment prior to closing, with closing
expected early Q3. Further details regarding the entities and pricing remain
confidential at this stage and will be disclosed at closing.


For further information, please contact:
Anders Lenborg, CEO, +47 934 13 130, [email protected]
Ole-Kristofer Bragnes, CFO, +47 917 03 415, [email protected]
Christian Helland, CCO, +47 418 80 000, [email protected]
Or visit: www.cloudberry.no

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 the Nordics. 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 and Lemvig Denmark. To
learn more about Cloudberry, go to www.cloudberry.no