Aneo takes another important step in its Nordic growth strategy by acquiring RWE's Swedish wind power portfolio. The acquisition comprises 124 MW of onshore wind across 11 wind farms, 48 MW of nearshore wind power, project development, and operations and maintenance services.
Aneo has signed an agreement to acquire RWE Renewables Sweden's wind power portfolio. The transaction includes both operational wind farms, project development, and employees, strengthening Aneo's position as a leading Nordic renewable energy company.
The operational portfolio produces approximately 500 GWh annually, primarily in the Swedish price area SE4. The nearshore facility Kårehamn off the coast of Öland has over 10 years of operational experience and is one of Scandinavia's best-operated offshore wind farms.
– This is a portfolio we have looked at with great interest, and we are very pleased to have closed this agreement. The acquisition gives us significant scale in the Swedish market and diversifies our production geographically and technologically. Together with the Arise transaction, we are now establishing ourselves as one of the leading Nordic players in renewable energy, says CEO Gunnar Hovland of Aneo.
The transaction also includes RWE's Swedish development portfolio and employees with expertise in operations, maintenance, and project development.
– We look forward to getting to know the employees and the business better. With Aneo, Arise, and the RWE portfolio combined, we now have a breadth and competence that opens up many opportunities, says Hovland.
Complements the Arise Acquisition
The acquisition comes in addition to Aneo's acquisition of Swedish Arise AB, where Aneo recently passed 97 percent acceptance rate in its voluntary public takeover offer. Arise will be delisted from Nasdaq Stockholm during January, and Aneo will then take over the board of the company.
– With Arise and the RWE portfolio in place, we are strengthening our position in the Swedish market and in the Nordic region. The two transactions complement each other well in terms of geography, competence, capabilities, and value chain. We are more than doubling our production in Sweden and gaining access to skilled and experienced teams in both operations and development, says Hovland.
While several international players have withdrawn from the Nordic wind power market over the past year, Aneo has positioned itself counter-cyclically. This is the sixth transaction the company has completed since October 2024, and with Arise and the RWE portfolio, Aneo strengthens its position as a long-term Nordic renewable energy company.
The transaction has been signed and is subject to regulatory approvals in Sweden, which typically takes a couple of months.
We are delighted that our Swedish wind business and its project teams will be joining Aneo. As a key player in the Nordic wind sector, Aneo is dedicated to building a robust, long-term portfolio in Sweden, advancing energy projects that meet rising energy demand, create jobs and invest in communities. We are therefore pleased to have found a new home for our impacted employees, and we wish the Swedish team and its projects continued success. RWE's strategic focus remains on its dynamic markets for attractive large-scale renewables growth, says Katja Wünschel, CEO RWE Renewables Europe & Australia.
About the transaction
124 MW onshore wind across 11 wind farms
48 MW nearshore wind power
Approx. 500 GWh annual production
Project development and O&M operations
Employees included in the transaction
