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Equinor Acquires 95 MW Wind Farm in Sweden to Boost Green Energy
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Equinor ASA (EQNR - Free Report) , the Norwegian energy giant, has enhanced its renewable energy footprint by acquiring the 95 MW Lyngsasa wind farm in southern Sweden from Swiss-based investment firm SUSI Partners. The acquisition aligns with Equinor’s strategy of expanding its onshore renewables portfolio across select markets in Europe and the Americas, reinforcing its ambition to be a competitive market-driven power producer.
Located in Alvesta, Sweden, the Lyngsasa wind farm has been operational since September 2021 and consists of 22 wind turbines. The facility generates approximately 300 GWh annually, contributing around 10% to Equinor’s total renewable power production in 2024. This acquisition significantly enhances Equinor’s presence in the Nordic renewables market, where demand for clean energy continues to rise.
Equinor’s acquisition provides an immediate boost to its renewable energy revenues, as the power generated from Lyngsasa will be sold in the southern Swedish spot market. This transaction increases Equinor’s merchant exposure, ensuring steady operational cash flows. By securing 100% ownership of Lyngsasa Kraft AB — the special purpose vehicle managing the wind farm — Equinor gains full control over the asset’s operations and revenue generation.
BayWa r.e., a global renewable energy developer, will continue its role as the technical and commercial manager of the wind farm, ensuring the seamless operation of the site.
The transaction received the necessary regulatory approvals and was officially closed on March 19, 2025. With the addition of Lyngsasa to its portfolio, Equinor is reinforcing its transition toward low-carbon energy while capitalizing on Sweden’s well-established renewable energy market.
Equinor’s continued expansion into renewables aligns with its broader strategy of reducing carbon intensity while maintaining profitability in the evolving energy landscape. This acquisition marks another step in Equinor’s commitment to diversifying its energy assets and strengthening its position as a leading global player in the clean energy sector.
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
NextDecade is an emerging player in the LNG space with its Rio Grande LNG project in Texas. As demand for LNG continues to grow, the company’s strategic investments in infrastructure and planned liquefaction capacity provide strong upside potential. With the global LNG market expanding, NEXT is well-positioned to tap into the increasing export demand from the United States.
W&T Offshore leverages its strong Gulf of Mexico assets, which offer low decline rates and significant untapped reserves. The company recently expanded its portfolio with six shallow-water field acquisitions, adding substantial proven and probable reserves. Focused on high-return organic projects, WTI has maintained positive cash flows for 27 consecutive quarters.
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Equinor Acquires 95 MW Wind Farm in Sweden to Boost Green Energy
Equinor ASA (EQNR - Free Report) , the Norwegian energy giant, has enhanced its renewable energy footprint by acquiring the 95 MW Lyngsasa wind farm in southern Sweden from Swiss-based investment firm SUSI Partners. The acquisition aligns with Equinor’s strategy of expanding its onshore renewables portfolio across select markets in Europe and the Americas, reinforcing its ambition to be a competitive market-driven power producer.
Located in Alvesta, Sweden, the Lyngsasa wind farm has been operational since September 2021 and consists of 22 wind turbines. The facility generates approximately 300 GWh annually, contributing around 10% to Equinor’s total renewable power production in 2024. This acquisition significantly enhances Equinor’s presence in the Nordic renewables market, where demand for clean energy continues to rise.
Equinor’s acquisition provides an immediate boost to its renewable energy revenues, as the power generated from Lyngsasa will be sold in the southern Swedish spot market. This transaction increases Equinor’s merchant exposure, ensuring steady operational cash flows. By securing 100% ownership of Lyngsasa Kraft AB — the special purpose vehicle managing the wind farm — Equinor gains full control over the asset’s operations and revenue generation.
BayWa r.e., a global renewable energy developer, will continue its role as the technical and commercial manager of the wind farm, ensuring the seamless operation of the site.
The transaction received the necessary regulatory approvals and was officially closed on March 19, 2025. With the addition of Lyngsasa to its portfolio, Equinor is reinforcing its transition toward low-carbon energy while capitalizing on Sweden’s well-established renewable energy market.
Equinor’s continued expansion into renewables aligns with its broader strategy of reducing carbon intensity while maintaining profitability in the evolving energy landscape. This acquisition marks another step in Equinor’s commitment to diversifying its energy assets and strengthening its position as a leading global player in the clean energy sector.
EQNR’s Zacks Rank & Key Picks
EQNR currently carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. (AROC - Free Report) , NextDecade Corporation (NEXT - Free Report) and W&T Offshore, Inc. (WTI - Free Report) . While Archrock presently sports a Zacks Rank #1 (Strong Buy), NextDecade and W&T Offshore carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.
NextDecade is an emerging player in the LNG space with its Rio Grande LNG project in Texas. As demand for LNG continues to grow, the company’s strategic investments in infrastructure and planned liquefaction capacity provide strong upside potential. With the global LNG market expanding, NEXT is well-positioned to tap into the increasing export demand from the United States.
W&T Offshore leverages its strong Gulf of Mexico assets, which offer low decline rates and significant untapped reserves. The company recently expanded its portfolio with six shallow-water field acquisitions, adding substantial proven and probable reserves. Focused on high-return organic projects, WTI has maintained positive cash flows for 27 consecutive quarters.