Aneo acquires wind farm in Sweden: Strengthens its position in the Nordic renewable energy market

The wind farm consists of 31 Vestas turbines with a total installed capacity of 130 MW and has been operational since 2020. A portion of the output is secured through a long-term power purchase agreement with a major international technology company – an agreement that will continue under Aneo’s ownership.

– We have strong belief in the long-term development of the Nordic power market. With this acquisition, we are strengthening our position and taking another step toward building a solid and profitable renewable energy portfolio – while also improving our geographic balance, says Gunnar Hovland, CEO of Aneo.

A responsible and well-founded investment

The acquisition comes at a time when Aneo is implementing wide-ranging efficiency measures, including cost reductions and workforce downsizing. The investment in Bäckhammar reflects Aneo’s firm belief in a long-term and positive market outlook, despite the necessary adaptations to today’s challenging conditions.

– Bäckhammar is a well-managed wind farm with solid technical standards. It’s a good acquisition at a competitive price, with potential for both operational optimization and future development. We know the technology and the region well, and the asset fits seamlessly into our existing portfolio in Sweden, says Kari Skeidsvoll Moe, EVP Renewables at Aneo.

Increased presence in southern Sweden

The Bäckhammar wind farm adds approximately 355 GWh of annual production to Aneo’s portfolio. Following the acquisition, nearly 30 percent of Aneo’s total wind power production will be located in SE3 – the Swedish price area with the highest consumption and largest energy deficit.