Aneo acquires two wind farms in Sweden

Norwegian renewable energy company Aneo buys two Swedish wind farms in an acquisition valuing the farms in excess of 100 MEUR. The investment is Aneo’s first outside Norway. 

Aneo’s overall growth target is 10 to 12 TWh wind power by 2030, and Sweden is one of the most important regions for the company’s growth strategy.

— The acquisition of the Grimsås og Brännliden wind farms is an important first step towards establishing Aneo as a fully integrated wind power player in Sweden, says EVP Growth Renewable Energy in Aneo, Kari Skeidsvoll Moe.

Power to 18.000 Swedish households

Through power production, energy optimization and electrification, Aneo contributes to profitable energy transition for its customers, owners and society as a whole.

— Aneo has contributed significantly to the growth of the Norwegian wind power industry and holds the same ambition for our expansion into Sweden. Aneo aims to be an innovative and reliable partner for everyone seeking to contribute to the energy transition in the Nordics, says Skeidsvoll Moe.

Aneo has signed an agreement with the investment fund Marguerite to acquire the two wind farms at a value in excess of 100 MEUR. Annual power production of the wind farms is 285 GWh, equal to the consumption of approx. 18.000 Swedish households.

– Marguerite’s objective when entering the Swedish production market in 2018 was to add renewables capacity. We are delighted to have participated in the decarbonization of the electricity system through the construction and production of those two onshore wind assets,” said Guillaume Rivron, partner at Marguerite.

The Grimsås windfarm is located in Tranemo municipality in Västergötland region, while the Brännliden windfarm is located outside Storträsk in Skellefteå municipality in Væsterbotten. The parks comprise a total of 23 wind turbines.

Following this acquisition, Aneo owns and/or operates a total of 11 wind farms with 225 wind turbines which produce 6.5 TWh, of which 1.3 TWH is derived from Aneo-owned assets. Aneo aims to make further significant investments in wind and solar power in the Nordics in pursuit of its ambitious growth ambition.