OSLO: Cloudberry Clean Energy AS has today completed a transaction for the acquisition of 100% of Selselva hydropower plant, a news release said.

Reference is made to the stock exchange announcement dated 21 December 2020 regarding Cloudberry Clean Energy AS` share purchase agreement for the acquisition of 100% of the shares in Selselva Kraft AS.

The financing of the hydropower company is covered by the announced Private Placement on 14 December 2020. Selselva Kraft AS is a producing hydropower plant located in Sunnfjord municipality in Vestland county with an annual production at a normalized level of 20 GWh.

Cloudberry Clean Energy AS is a Nordic renewable energy company. It owns, develops and operates hydro power plants and wind farms in Norway and Sweden.

Cloudberry is a public Euronext Growth Oslo company supported by strong owners and led by an experienced management team and board. The offices are in Oslo, Norway (main office) and Karlstad, Sweden. www.cloudberry.no

Cloudberry Clean Energy signs SPA to purchase hydropower plants in Norway