Cloudberry

Carnegie Investment Bank Norway is proud to have acted as Joint Global Coordinator and Joint Bookrunner in Cloudberry Clean Energy’s successful NOK 600 million directed share issue.

The net proceeds from the directed share issue will be used to finance acquisition and construction costs of the Company’s Kafjärden onshore wind farm project, retaining an increased ownership share in the Company’s Stenkalles Grund shallow water wind farm project through construction, the potential acquisition of Captiva and further growth opportunities.

Cloudberry is a renewable energy company operating in the Nordics and in accordance with local tradition. 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.

Carnegie congratulates Anders LenborgChristian A. HellandSuna F. Alkan and the rest of the Cloudberry team with the successful transaction. We look forward to continuing our support of Cloudberry going forward.

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