Equinor Expands Renewables Portfolio with 95 MW Wind Farm in Sweden

Equinor ASA has acquired the 95-megawatt (MW) Lyngsåsa wind farm in Alvesta, Sweden, from SUSI Partners, reinforcing its onshore renewables strategy in Europe and the Americas. The acquisition strengthens Equinor's position as a market-driven power producer and provides immediate operational cashflows.

The wind farm, operational since September 2021, consists of 22 wind turbines and generates approximately 300 gigawatt hours (GWh) annually, accounting for 10% of Equinor's renewable power production for 2024. The produced electricity will be sold in Sweden's southern spot market, increasing Equinor's merchant exposure.

Following the transaction, Equinor now fully owns Lyngsåsa Kraft AB, the special-purpose vehicle operating the wind farm. BayWa r.e. will continue as the technical and commercial manager of the facility. The deal, finalized on March 19, 2025, received all necessary regulatory approvals.

This acquisition follows Equinor's major investment in the $3 billion Empire Wind 1 offshore wind project in the United States, expected to power 500,000 New York homes by 2027. The Empire Wind 1 project, covering 80,000 acres southeast of Long Island, is Equinor's first offshore wind farm connecting to the New York City grid.

Source: rigzone.com