Norwegian vitality main Equinor ASA has acquired the operational 95-megawatt (MW) Lyngsåsa wind farm in Alvesta, southern Sweden, from SUSI Companions. The corporate mentioned in a media launch the acquisition is consistent with its onshore renewables technique of being a market-driven energy producer throughout choose markets in Europe and the Americas.
The wind farm generates round 300 gigawatt hours (GWh) yearly, which corresponds to roughly 10 p.c of Equinor’s renewable energy manufacturing for 2024, in accordance with the corporate. The ability has been in manufacturing since September 2021. It consists of twenty-two wind generators with a mixed put in capability of 95 MW.
The produced energy shall be offered within the southern Swedish spot market and improve Equinor’s service provider publicity with speedy operational cashflows, the corporate mentioned.
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Because of the transaction, Equinor now absolutely owns the particular goal car firm Lyngsåsa Kraft AB. BayWa r.e will keep its place because the technical and industrial supervisor of the wind farm for Equinor. The deal obtained all required regulatory approvals and was finalized on March 19, 2025.
The funding follows the finalization of the financing package deal for the $3 billion Empire Wind 1 offshore wind mission in america on the finish of final yr.
The U.S. mission, anticipated to energy half 1,000,000 New York properties by 2027, represents a complete capital funding of roughly $5 billion, factoring in anticipated tax credit and terminal utilization charges, Equinor mentioned. Having acquired the lease in 2017, Equinor secured a 25-year energy buy settlement with New York state in June 2024, at $155 per megawatt-hour, reflecting typical funding ranges for the nascent U.S. offshore wind sector. Equinor plans to herald a associate to cut back its monetary publicity and maximize the mission’s worth.
Building of the Empire Wind 1 offshore wind mission has already begun. It’s situated 15-30 miles southeast of Lengthy Island and spans 80,000 acres. With a contracted capability of 810 MW, Empire Wind 1 would be the first offshore wind mission to hook up with the New York Metropolis grid, Equinor mentioned.
To contact the creator, electronic mail andreson.n.paul@gmail.com
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