Oslo, Norway, 6 July 2022: Cloudberry Clean Energy ASA (“The Company” or “Cloudberry”) has entered into a binding term-sheet for the sale of 50% of the shares in Cloudberry Offshore Wind AS (the “Transaction”), to form a 50/50 joint venture with Hafslund AS (“Hafslund”). Cloudberry Offshore Wind AS indirectly owns the 100 MW shallow-water wind project Stenkalles Grund in the lake of Vänern in south-central Sweden (SE3). The Transaction is expected to close in September 2022.
The parties will work together towards a final investment decision (“FID”) expected later this year. The renewable energy service provider Ventolines will remain active in the execution of the project and is currently working on the final negotiations with the main suppliers.
Hafslund is Norway’s second largest power generator, owned by the City of Oslo, and with more than hundred years of electrical…