Cloudberry lands 1B NOK debt facility increase from SpareBank 1 syndicate
What's the deal? Cloudberry Clean EnergyDealroom has a profile for this one. Try Dealroom →, a Nordic renewable energy company listed on the Oslo Stock Exchange, has signed a 1,000,000,000 NOK (roughly $107 million) increase to its existing debt facility. The financing comes from a bank syndicate of SpareBank 1 Sør-Norge, SpareBank 1 Nord-Norge, and SpareBank 1 Østlandet.
The details: The increase lifts Cloudberry's total facility to 3,200,000,000 NOK, with an option to add a further 750,000,000 NOK. It carries a margin below 2% and a tenor of 3+1+1 years.
Why now? The company first flagged the credit approvals on June 25, 2026. The signing formalises terms Cloudberry describes as covenant light, with no requirement to hedge power sales.
What's the endgame? Cloudberry owns, develops, and operates hydropower plants, wind farms, battery energy storage systems, and powered land across the Nordics. It has expanded the facility's scope to include Finland, battery energy storage, and solar — signalling where its next growth is aimed.
The signal: As post-IPO debt goes, this is a modest raise — sitting in the lower percentiles by amount. But the improved margin, longer tenor, and lighter covenants point to lenders' growing comfort with Nordic renewables as a financeable asset class.
Read more: mfn.se
Image credit: Generated with Gemini
