Cloudberry Clean Energy has announced the succcessful completion of the acquisition of a Nordic renewable energy platform from Orrön Energy Holding AB, as announced on 25 June 2026 (the 'Acquisition'), establishing Cloudberry as a leading Nordic IPP. The transaction adds approximately 758 GWh of annual proportionate power production from a complementary asset base, bringing Cloudberry’s total annual proportionate production to approximately 2.1 TWh, a near doubling compared to year-end 2025.
The Acquisition significantly strengthens Cloudberry's position across the Nordic power markets, with an enlarged and diversified platform active across all Nordic price areas. With increased scale, greater diversification and identified operational synergies, Cloudberry is well positioned to capitalize on opportunities created by the energy transition and deliver long-term shareholder value.
Upon completion, Orrön Energy has become Cloudberry’s largest shareholder, with 27.01% of the shares and votes in the Company, bringing industrial and value creation experience from the Lundin Group of Companies. Cloudberry’s Board of Directors has also been expanded to include Daniel Fitzgerald, CEO of Orrön Energy, and Henrika Frykman, General Counsel of Orrön Energy.
For more information about the Acquisition and the strategic rationale behind the transaction, please see the stock exchange announcement published by the Company on 25 June 2026.
Source: Cloudberry
