Cloudberry's wind farm offer accepted
Cloudberry Clean Energy
AS 's offer to the shareholders in Scanvind2 AS, the holding company of
the offshore wind project Rewind Vänern, has been accepted.
The settlement of shares in Scanvind2 AS will be a combination of the reversal
of the ScanVind2's sales credit to Cloudberry, an issuance of about 2.2
million Cloudberry shares at NOK 12.5 per share and a cash payment of NOK
7 million. The transaction is expected to be complete by 26th September
The 16-turbine project is located in shallow water on the largest lake
in Sweden, near to Cloudberry's Karlstad office, and will have an overall
capacity of 100 MW. Construction start is anticipated in 2021/2022.
"We know the Rewind Vänern-project well from our participation in
the initial project team and will leverage our experience as project owner.
We have already established dialogues with strong operational and financial
partners which are as motivated as us for delivering efficient project
development and sound value-creation", said Anders Lenborg, Chief
Executive Officer of Cloudberry.
"This transaction is an important new step towards fulfilling Cloudberry's
growth ambitions within offshore wind power and reflects our long-term
strategy of being a substantial developer of renewable energy projects
in the Nordics.
"Offshore wind power in the Baltic Sea has a large potential. Cloudberry
has the know-how and experience to efficiently develop such projects. We
have identified several potential offshore projects as part of our ambition
to develop 2,500 MW offshore wind power in Sweden by 2030. This will represent
an important contribution to the necessary European energy transition."
Cloudberry Clean Energy AS is a Nordic renewable energy company. The company
owns, develops and operates hydro power plants and wind farms in Norway