Orrön Energy Completes Strategic Merger with Cloudberry Clean Energy
Orrön Energy AB has finalized a strategic transaction with Cloudberry Clean Energy ASA, creating a leading Nordic independent power producer (IPP) with an annual production of approximately 2.1 TWh. The merger enhances Orrön Energy's stake in Cloudberry to 27.01%, positioning the company for significant growth in renewable energy markets.
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Orrön Energy AB has successfully completed a transaction with Cloudberry Clean Energy ASA, resulting in a new independent power producer in the Nordics with a combined annual output of around 2.1 TWh. Orrön Energy now holds 27.01% of Cloudberry's shares and has reduced its net debt to under 5 million EUR.
The company retains its wind farm Karskruv, generating about 290 GWh annually, and a European project portfolio of 12 GW across solar, data centers, and battery storage. A 50 million EUR credit facility is established to support future growth. The leadership structure includes Orrön's CEO and legal counsel on Cloudberry's board.
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