Cloudberry Clean Energy ASA (OB:CLOUD) will look for M&A. Christian Helland, Chief Financial Officer said, "Again, M&A, yes, but in the earlier phases where we can add value as a developer. So again, in the initial phases 2, 3 years back, yes, we did some M&A to get more critical mass on our development or on our production side. Now we see that the interesting part for us is projects where we can add value as a developer and get much more of the value uptick in the projects.

So we'll still do some M&A but less capital intensive".