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An update from Cloudberry Clean Energy ASA ( (DE:52K) ) is now available.
Cloudberry Clean Energy ASA, in partnership with Hafslund Vekst AS, has reached a final investment decision for the Dingelsundet Battery Energy Storage System project in Sweden. This 24 MW/48 MWh project marks a strategic shift from offshore wind to energy storage, driven by reduced battery costs and a strong market outlook for grid flexibility in the Nordics. The project, with an estimated CAPEX of 11 million Euros, will be financed equally through equity and debt, with construction starting in August 2025 and commissioning expected in the third quarter of 2026. This initiative positions Cloudberry as a pioneer in deploying new storage technologies, supporting the energy transition in the region.
The most recent analyst rating on (DE:52K) stock is a Buy with a NOK14.00 price target. To see the full list of analyst forecasts on Cloudberry Clean Energy ASA stock, see the DE:52K Stock Forecast page.
More about Cloudberry Clean Energy ASA
Cloudberry Clean Energy ASA is a renewable energy company operating in the Nordics, focusing on developing and operating hydropower plants and wind farms. The company is committed to the energy transition towards sustainable energy solutions, with its shares traded on the Oslo Stock Exchange. Cloudberry has offices in Norway, Sweden, and Denmark.
Average Trading Volume: 86,448
Current Market Cap: NOK4.04B
Find detailed analytics on 52K stock on TipRanks’ Stock Analysis page.