Cloudberry Clean Energy ASA | Third quarter 2026 report
Key Highlights
- ➤Proportionate revenue NOK 349m, up from NOK 158m year-over-year
- ➤Proportionate EBITDA NOK 165m, nearly five times NOK 36m year-over-year
- ➤Record proportionate production reached 295 GWh, up from 177 GWh
- ➤Orrön Energy acquisition created 2.1 TWh annual proportionate Nordic production
- ➤Selbu powered-land agreement targets more than 200 MW gross capacity
Cloudberry Clean Energy ASA Oslo, Norway, 04 November 2026: Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") delivered record-high quarterly production and power-related revenues, and nearly five times proportionate EBITDA growth compared to the same quarter last year. Financial highlights* Strong financial performance: Delivered strong financial growth, with revenue more than doubling and EBITDA increasing almost 5x year-over-year on a proportionate basis. Record-high production and higher realized power prices compared to the same quarter last year resulted in Cloudberry’s highest quarterly power-related revenues to date.* Revenue: Consolidated revenue of NOK 302m (130m) and proportionate revenue of NOK 349m (158m). * EBITDA: Consolidated EBITDA of NOK 160m (143m) and proportionate EBITDA of NOK 165m (36m). * Production: Proportionate production of 295 GWh over the quarter (177 GWh). * Higher prices: Realized an average net power price of NOK 0.93 per kWh (NOK 0.61 per kWh) compared to the Nordic system price of NOK 0.81 per kWh over the quarter.
Get started
Create a free account to read the full story.