Equinor acquires Lyngsåsa wind farm in Sweden from SUSI Partners

GlobalData

Mon, Mar 24, 2025, 9:04 AM 2 min read

Norwegian vigor large Equinor has acquired the 95MW Lyngsåsa upwind workplace from SUSI Partners, an capitalist with a absorption connected star photovoltaic (PV), onshore wind, and different renewable technologies.

This acquisition aligns with Equinor’s onshore renewables strategy to run arsenic a “market-driven” powerfulness generator successful prime European and American markets.

Operational since September 2021, the upwind workplace is located successful Alvesta, confederate Sweden.

The powerfulness produced by the acquired tract volition beryllium sold successful the confederate Swedish spot market, enhancing merchant vulnerability and providing contiguous operational currency travel for Equinor.

As portion of the transaction, the institution assumes afloat ownership of Lyngsåsa Kraft, the special-purpose conveyance entity for the upwind farm.

BayWa r.e. volition support its presumption arsenic the method and commercialized manager of the upwind workplace for Equinor.

The acquisition received regulatory approvals and was finalised connected 19 March 2025.

Comprising 22 turbines, the Lyngsåsa upwind workplace generates astir 300 gigawatt hours (GWh) annually, which is 10% of Equinor’s renewable powerfulness accumulation for past year. This powerfulness procreation is capable to screen the energy requirements of much than 60,000 Swedish households (excluding heating) and has truthful acold offset much than 320,000 tonnes of CO₂ emissions.

In 2019, SUSI Partners acquired the task erstwhile it was successful ready-to-build signifier successful 2019 and has divested it aft implicit 5 years of plus management.

This merchantability marks the palmy exit of three-quarters of the assets successful the SUSI Renewable Energy Fund II (SREF II).

This money was launched successful 2014, gathering a diversified portfolio of operational onshore upwind and star PV assets crossed Europe.

Meanwhile, SUSI has besides initiated the improvement of a 95MW star PV works successful Lyngsåsa.

"Equinor acquires Lyngsåsa upwind workplace successful Sweden from SUSI Partners" was primitively created and published by Energy Monitor, a GlobalData owned brand.