Cloudberry Clean Energy Taken over of Amotsfoss Hydro Power Plant

Source: www.gulfoilandgas.com 12/1/2021, Location: Europe

Cloudberry Clean Energy ASA ("Cloudberry") has taken over the hydropower plant Åmotsfoss Kraft AS ("Åmotsfoss"), after completion of the commissioning period.

Åmotsfoss consists of three Kaplan turbines, with a combined capacity of 4,5 MW. The hydropower plant is located in the attractive NO2 price area.

The power plant is built by BN Vannkraft AS, in close cooperation with local contractors. Cloudberry invested in the project prior to construction start and would like to commend both BN Vannkraft AS and the local contractors for their great contribution on delivering the plant on time and budget.

Åmotsfoss is located in Arendalsvassdraget in Norway, one of the best regulated waterways in Norway, benefiting from the large reservoirs upriver from Åmotsfoss. The power plant will on average produce 22,7 GWh per year and will produce more power in the winter season compared to the summer season. Åmotsfoss will produce enough to power 10,000 electrical cars per year.

"We are proud to include Åmotsfoss to our portfolio, a state-of-the-art power plant with a highly attractive production profile, in the NO2 price area", says Jon Gunnar Solli, COO at Cloudberry.

The power market is heavily affected by record high gas prices, CO2 prices and a low hydrological balance in the NO1, -2 and -5 price areas in Norway, leading to record high power prices. A majority of Cloudberry's power production is located in NO1, -2 and -5 areas, and the share will grow as the wind farms Odal Vindkraftverk and Hån Vindpark, and hydropower plants Skåråna Kraft and Ramsliåna Kraft finish construction.

"The short-term contracts in the market (DEC21, Q1 22) are all well above the power price we have used prior to investment decision on all our power plants under construction. While we do not expect market prices to remain on such high levels, we remain confident long term power prices will sustain profitable production from our wind and hydro assets", says Anders Lenborg, CEO of Cloudberry.


Malawi >>  6/23/2022 - - The UK’s DFI is entering into the Norwegian DFI’s Joint Venture with Scatec, a leading renewable energy solutions provider, to invest in hydropower ...
Norway >>  6/23/2022 - Everfuel A/S and Greenstat ASA are pleased to announce the award a grant of NOK 148 million from Enova to support the development of the Hydrogen Hub ...

Singapore >>  6/23/2022 - Keppel and Electricite du Laos sign power purchase agreement, pioneering cross-border power trade of renewable energy into Singapore The Lao PDR-Tha...
Ghana >>  6/17/2022 - The first West African hydro-solar plant was deployed in Ghana in January, with technical support from the United States Agency for International Deve...

Norway >>  6/16/2022 - Standard & Poor’s (S&P) has upgraded Statkraft’s rating to "A" from "A-", with stable outlook. The rating action is a consequence of the elevated powe...
Norway >>  6/15/2022 - Statkraft, Europe's largest producer of renewable energy, and Omya Hustadmarmor AS have signed an amendment to an existing power purchase agreement (P...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.