Cloudberry Clean Energy Annual report 2020

53 Cloudberry Annual report 2020 Sustainability during 2021. A full listing is expected to increase the company’s availability to capital at competitive terms in a broader universe of investors. Cloudberry considers the opportunities for green bonds and direct lending facilities going forward. This may be an alternative to finance our ambitious growth targets. Best technology Our approach In the materiality analysis, we identified the use of best technology as a material topic. This will ensure that we optimise our energy production as well as utilize new technology and digitalization to drive efficiency across the entire value chain whilst causing minimal environmental impact. The choice of the best technologies will be done in close cooperation with our suppliers and partners and our approach will be explored and developed going forward. Our activities Technology related to wind generators is expe- riencing rapid improvements. Cloudberry seeks to maintain a portfolio with relevant and efficient technology and has this as a criteria when entering into partnerships with suppliers of turbines etc on projects to be constructed. When acquiring power plants in production, we invest in assets expected to have good technical standards and prioritize tech- nical solutions that are well-proven and delivered by reputable suppliers. Way forward Cloudberry’s strategy is to invest in modern develop- ment and production technology to reduce mainte- nance cost and increase insurance. The company is closely following the rapid technology improvements in e.g., wind generators. To secure the company’s profitability and financial position, we prioritise securing the best technology at all time. Odal Vind, Odal, Norway

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