Cloudberry Clean Energy Annual report 2020

119 Cloudberry Annual report 2020 Financial statements Note 28 List of subsidiaries and equity accounted companies The following companies are fully consolidated (subsidiaries) or accounted for with the equity method (associated companies) as per 31 December 2020. Name of Entity Accouned as Place of business Ownership intrest Part of Group from date Segment Cloudberry Clean Energy AS Subsiduary Norway 100 % 24.11.2017 Corporate Cloudberry Production AS Subsiduary Norway 100 % 15.02.2020 Production Røyrmyra Vindpark AS Subsiduary Norway 100 % 15.02.2020 Production Finnesetbekken Kraftverk AS Subsiduary Norway 100 % 15.02.2020 Production Cloudberry Develop AS Subsiduary Norway 100 % 15.02.2020 Develop Cloudberry Offshore Wind AB Subsiduary Sweden 100 % 15.02.2020 Develop Duvhällen Vindpark AB Subsiduary Sweden 100 % 15.02.2020 Develop Hån Vindpark AB Subsiduary Sweden 100 % 15.02.2020 Develop Hån 22kV AS Subsiduary Norway 100 % 15.02.2020 Develop Cloudberry Utveckling AB Subsiduary Sweden 100 % 15.02.2020 Develop Cloudberry Projekt AB Subsiduary Sweden 100 % 15.02.2020 Develop Kånna Vindpark AB Subsiduary Sweden 100 % 15.02.2020 Develop Ljunga Vindpark AB Subsiduary Sweden 100 % 15.02.2020 Develop Cloudberry Offshore Wind AS Subsiduary Norway 100 % 22.09.2020 Develop Rewind Vänern AB Subsiduary Sweden 100 % 22.09.2020 Develop Cloudberry Wind AB Subsiduary Sweden 100 % 15.02.2020 Develop Skogvind AS Subsiduary Norway 100 % 31.08.2020 Develop Rewind Offshore AB Subsiduary Sweden 66 % 15.02.2020 Develop Elgenes Kraftverk AS Subsiduary Norway 100 % 15.02.2020 Develop Finse Kraftverk AS Subsiduary Norway 100 % 15.02.2020 Develop Skiparvik Kraftverk AS 1) Subsiduary Norway 100 % 15.02.2020 Develop Forte Energy Norway AS Associated Company Norway 34 % 15.11.2020 Production Odalen Vindkraftverk AS Associated Company Norway 15 % 23.12.2020 Production 1) Skiparvik is owned 40%, but is consolidated 100% Cloudberry cover 100% of the costs. The company will be wind up during 2021. Acquired companies in 2021 Name of Entity Accouned as Place of business Ownership intrest Part of Group from date Segment Bjørgelva Kraft AS Subsiduary Norway 100 % H1-2021 Production Næssakraft AS Subsiduary Norway 100 % H1-2021 Production Åmotfoss AS Subsiduary Norway 100 % H2-2021 Production Selselva Kraft AS Subsiduary Norway 100 % H1-2021 Production Skåråna Kraft AS Subsiduary Norway 100 % H2-2021 Production Entities which will be acquired in 2021 are include in secured portfolio and will be fully consolidated in 2021.

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