Cloudberry Q2 2026 slides: EBITDA doubles, transformational acquisition

Cloudberry Clean Energy ASA released its Q2 2026 financial results on August 19, 2026, showcasing a significant increase in EBITDA and unveiling a strategic acquisition. The company's EBITDA for the quarter rose to NOK 101 million, up from NOK 54 million in Q2 2025, primarily due to higher power prices and expanded production. This growth comes after acquiring a 758 GWh wind farm from Orrön Energy Holding AB, which will more than double Cloudberry's production capacity to over 2,000 GWh annually.

The transaction positions Cloudberry as the leading independent power producer in the Nordics, with assets spanning Norway, Sweden, Finland, and Denmark. Cloudberry's shares closed at $13.72, up 0.29%, near the top of its 52-week trading range. The company's revenue growth was 41% year-over-year, reaching NOK 222 million, while consolidated revenue increased 79% to NOK 190 million.

The company's diversified portfolio of hydropower, wind, solar, and battery energy storage technologies across the Nordic region supports its growth strategy, with additional assets under construction and in development.