Cloudberry Clean Energy ASA (DE:52K) has released an update.
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Cloudberry Clean Energy ASA has successfully sold three of its least strategic hydropower assets to Cadre AS for a total of NOK 320.5 million, with an impressive internal rate of return of approximately 28% per annum. The sale resulted in a substantial gain and a cash inflow of about NOK 205 million for Cloudberry, which the company plans to reinvest in expanding its renewable energy portfolio. This strategic move highlights Cloudberry’s ability to create value and effectively recycle capital in alignment with its growth strategy.
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