Equinor Acquires 95 MW Wind Farm in Sweden to Boost Green Energy

Group 1: Acquisition Details - Equinor ASA has acquired the 95 MW Lyngsasa wind farm in southern Sweden from SUSI Partners, enhancing its renewable energy footprint [1] - The Lyngsasa wind farm, operational since September 2021, consists of 22 wind turbines and generates approximately 300 GWh annually, contributing around 10% to Equinor's total renewable power production in 2024 [2] - The acquisition increases Equinor's merchant exposure and ensures steady operational cash flows by selling power generated from Lyngsasa in the southern Swedish spot market [3] Group 2: Operational Management and Regulatory Approval - BayWa r.e. will continue as the technical and commercial manager of the wind farm, ensuring seamless operation [4] - The transaction received necessary regulatory approvals and was officially closed on March 19, 2025 [4] Group 3: Strategic Alignment and Market Position - This acquisition aligns with Equinor's strategy of expanding its onshore renewables portfolio and reinforces its ambition to be a competitive market-driven power producer [1][5] - Equinor's continued expansion into renewables is part of its broader strategy to reduce carbon intensity while maintaining profitability in the evolving energy landscape [5]