Equinor Expands Renewable Portfolio with Swedish Wind Farm Acquisition
Deal News | Mar 21, 2025 | Equinor ASA
Equinor ASA, a notable player in the private equity sphere, has successfully acquired a 100% stake in the Lyngssa Kraft AB, a special purpose vehicle company responsible for operating an onshore wind farm in southern Sweden. This strategic acquisition aligns with Equinor's ambition to enhance its onshore renewables footprint across Europe and the Americas. The facility, which generates approximately 300 GWh annually, represents 10% of Equinor’s projected renewable output for 2024. The transaction not only broadens Equinor’s merchant exposure but also generates immediate cash flows from the Swedish spot market. Importantly, BayWa r.e. will continue to manage the wind farm’s technical and commercial operations post-acquisition. The deal, which has secured regulatory approvals, was finalized on March 19, 2025.
Sectors
- Renewable Energy
- Private Equity
Geography
- Sweden – The wind farm acquired is located in southern Sweden, impacting the regional energy market.
- Norway – Equinor ASA is a Norway-based firm involved in the transaction, influencing its regional investments.
Industry
- Renewable Energy – The article discusses an acquisition of a wind farm, indicating involvement in the renewable energy sector.
- Private Equity – Equinor ASA, identified as a private equity firm, is expanding its investment portfolio through acquisitions.
Financials
- 300 GWh – The annual energy production of the acquired wind farm.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Equinor ASA | Bidding Company/Buyer | Company | A major Norwegian energy company expanding its renewable energy portfolio. |
| Lyngssa Kraft AB | Target Company | Company | A special purpose vehicle company operating the wind farm in southern Sweden. |
| BayWa r.e. | Technical and Commercial Manager | Company | Responsible for managing the technical and commercial operations of the wind farm post-acquisition. |