New collaboration with Holmen Renewable Energy

Cloudberry has entered a strategic, long-term collaboration with Holmen Renewable Energy, a part of Holmen – one of Sweden’s largest forest owners and manufacturers of wood products and board and paper.

Through this collaboration, Cloudberry will gain access to Holmen's land in areas across SE3 to develop wind farms. Holmen has thereafter an option to purchase parts of the concession-granted projects. We are starting with the development of approximately 1 TWh, which will be added to the backlog over time. Moving forward, we see significant growth opportunities as the collaboration evolves and the layout of the projects become finalized.

Cloudberry's strong local presence and close collaboration with local stakeholders are key strengths that will drive the success of these projects. This collaboration enables us to use land and resources efficiently and strengthen the competitiveness of energy intensive industries. It also addresses the significant need for new electricity production and contributes to a faster transition to renewable energy.

Together, we will accelerate the transition to renewable energy and ensure that energy intensive industries gain faster access to sustainable energy in key price areas.

For further information, visit our company and IR website: www.cloudberry.no or contact:
Anders Lenborg, CEO, +47 934 13 130, al@cloudberry.no
Charlotte Bergqvist, CPO, +46 70 364 19 68 cb@cloudberrywind.se
Ole-Kristofer Bragnes, CFO, +47 917 03 415, okb@cloudberry.no