Cloudberry Clean Energy to acquire 50% stake in 132MW onshore wind farm in Finland from Sampi Renewables Holding for €75m

Cloudberry Clean Energy is expanding its operational footprint into the Finnish energy market, securing a 50% stake in the 132 MW MLK wind farm for an enterprise value of €75 million. This acquisition, announced on March 16, 2026, provides Cloudberry with immediate cash flow from an asset operational since 2022, contributing an estimated 189 GWh net annually to its portfolio. The financing structure for the Oslo-based developer is notable, combining €45 million in debt from a Nordic bank, €20 million in new Cloudberry shares, and €12 million from the company's existing cash resources. Furthermore, the deal includes a 30-year service agreement with GE, ensuring long-term operational stability for the wind farm. This transaction allows Madrid-based Sampi Renewables Holding, founded in 2021 with a 5 GW pipeline focused on utility-scale solar PV and battery storage, to monetize a wind asset and potentially reallocate capital towards its core development areas. Cloudberry, which currently operates 272 MW of hydropower and onshore wind in Norway and Sweden, significantly increases its operational capacity and establishes a presence in Finland, a market experiencing increased electricity demand from energy-intensive industries. Orrön Energy AB, a Swedish renewable energy company focused on wind, solar, and hydropower, operates in a similar regional context, highlighting the growing activity in Nordic renewables.