Brief: Cloudberry Clean Energy Announces Final Investment Decision On Munkhyttan I

Cloudberry Clean Energy ASA

01/06/2023 15:14

June 1 (Reuters) - Cloudberry Clean Energy ASA
 CLOUD.OL :
    * CLOUDBERRY CLEAN ENERGY ASA | FINAL INVESTMENT DECISION ON
MUNKHYTTAN I
    * PLANS TO INSTALL 18.6 MW (THREE VESTAS V162 TURBINES OF
6.2 MW
EACH)
    * EXPECTED ANNUAL PRODUCTION IS 60 GWH WITH LONG-TERM ABOUT
97%
UPTIME GUARANTEE AND 30-YEAR SERVICE AGREEMENT WITH VESTAS
    * SITE PREPARATION IS EXPECTED TO START Q3 2023 WITH
EXPECTED
REVENUE GENERATION BY YEAR-END 2024
    * TOTAL CAPEX COST IS ESTIMATED TO BE SLIGHTLY ABOVE EUR 30
MILLION
    * PROJECT WILL BE FINANCED BY EXISTING CASH (ABOUT 50%) AND
DEBT
(ABOUT 50%)

Source text for Eikon:  ID:nWkr5tBwg7 
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