Cloudberry Annual report 2022 Introduction 8 Project portfolio 1 Cloudberry’s strategy is to develop, own and operate producing assets in the Nordic region. During February 2023, Cloudberry signed a sale and purchase agreement with Skovgaard Energy A/S. The transaction will be Cloudberry’s first step into Denmark and adds up to ~106 MW of net production. The transaction is pending government approval and is expected to close during Q2 2023. The 2023 chart is an illustrative picture of our portfolio diversification following the Odin transaction. 1 Per reporting date 2022 150 MW 2023 294 MW Sweden 59 MW Sweden 21 MW Denmark 100 MW Norway 135 MW Norway 129 MW
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