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Closing of strategic transaction to create a leading Nordic IPP

GlobeNewswire

Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce the successful completion of the transaction announced on 25 June 2026 (the “Transaction”), through which the Company has combined its Nordic renewable energy platform and organisation, excluding the Karskruv wind farm, with Cloudberry Clean Energy ASA (“Cloudberry”). This transaction creates a leading Nordic independent power producer (“IPP”) with an annual proportionate power generation of around 2.1 TWh from a diversified portfolio of renewable energy assets across all Nordic price areas. The Transaction establishes Orrön Energy as Cloudberry’s largest shareholder with a 27.01 percent ownership interest and two Board representatives, and reduces the Company’s net debt to below MEUR 5. The Company retains the high-quality Karskruv wind farm and a 12 GW European development portfolio of data centre, solar and battery projects offering significant upside potential.

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