Brief: Cloudberry Clean Energy: New Hybrid Project Of 210 MW Added To Backlog

Cloudberry Clean Energy ASA

31/10/2023 06:03

Oct 31 (Reuters) - Cloudberry Clean Energy ASA
 CLOUD.OL :
    * CLOUDBERRY CLEAN ENERGY ASA | NEW HYBRID PROJECT OF 210 MW
ADDED
TO THE BACKLOG
    * SIGNED A TERM-SHEET AGREEMENT WITH SKOVGAARD ENERGY A/S
    * TO ACQUIRE NEES HEDE PROJECT, A 210 MW (168 MW
PROPORTIONATE)
SOLAR AND WIND HYBRID PROJECT
    * WILL PAY A FEE OF EUR 1.6 MILLION TO TRANSFER PROJECT INTO
ODIN
    * TOTAL ENTERPRISE VALUE FOR PROJECT IS EUR 8 MILLION
    * REMAINING ENTERPRISE VALUE OF EUR 4.8 MILLION AND EUR 1.6
MILLION IS PAYABLE UPON POTENTIAL FINAL INVESTMENT DECISION,
COMMERCIAL OPERATING DATE (COD) RESPECTIVELY
    * CLOSING OF TRANSACTION IS ESTIMATED IN Q4 2023

Source text for Eikon:  ID:nObilj11za 
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