Norwegian energy major Equinor has acquired the 95MW Lyngsåsa wind farm from SUSI Partners, an investor with a focus on solar photovoltaic (PV), onshore wind, and other renewable technologies.
This acquisition aligns with Equinor’s onshore renewables strategy to operate as a “market-driven” power generator in select European and American markets.
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Operational since September 2021, the wind farm is located in Alvesta, southern Sweden.
The power produced by the acquired site will be sold in the southern Swedish spot market, enhancing merchant exposure and providing immediate operational cash flow for Equinor.
As part of the transaction, the company assumes full ownership of Lyngsåsa Kraft, the special-purpose vehicle entity for the wind farm.
BayWa r.e. will maintain its position as the technical and commercial manager of the wind farm for Equinor.
The acquisition received regulatory approvals and was finalised on 19 March 2025.
Comprising 22 turbines, the Lyngsåsa wind farm generates approximately 300 gigawatt hours (GWh) annually, which is 10% of Equinor’s renewable power production for last year. This power generation is sufficient to cover the electricity requirements of more than 60,000 Swedish households (excluding heating) and has so far offset more than 320,000 tonnes of CO₂ emissions.
In 2019, SUSI Partners acquired the project when it was in ready-to-build stage in 2019 and has divested it after over five years of asset management.
This sale marks the successful exit of three-quarters of the assets in the SUSI Renewable Energy Fund II (SREF II).
This fund was launched in 2014, building a diversified portfolio of operational onshore wind and solar PV assets across Europe.
Meanwhile, SUSI has also initiated the development of a 95MW solar PV plant in Lyngsåsa.
