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Cloudberry Clean Energy ASA ( (DE:52K) ) just unveiled an announcement.
Cloudberry Clean Energy ASA reported a strong second quarter, driven by portfolio growth, despite a decrease in financials compared to the previous year due to a large gain on sale in Q2 2024. The company achieved a proportionate production of 199 GWh and maintained a strong cash balance while avoiding emissions of 49,500 tCO2e. Notably, Cloudberry formed a significant small-scale hydro platform with Swiss Life and increased its hydro production capacity. Additionally, the company entered a partnership with OX2 and reached an investment decision on a battery project with Hafslund, indicating strategic expansions and collaborations that enhance its market positioning.
More about Cloudberry Clean Energy ASA
Cloudberry Clean Energy ASA is a renewable energy company based in the Nordics, focusing on the development and operation of hydropower plants and wind farms. The company is committed to advancing the energy transition towards a sustainable future by providing renewable energy solutions. Cloudberry is listed on the Oslo Stock Exchange and operates with a strong ownership and experienced leadership team, with offices in Norway, Sweden, and Denmark.
Average Trading Volume: 110,575
Current Market Cap: NOK4.28B
See more data about 52K stock on TipRanks’ Stock Analysis page.