Equinor ASA EQNR, the Norwegian vitality large, has enhanced its renewable vitality footprint by buying the 95 MW Lyngsasa wind farm in southern Sweden from Swiss-based funding agency SUSI Companions. The acquisition aligns with Equinor’s technique of increasing its onshore renewables portfolio throughout choose markets in Europe and the Americas, reinforcing its ambition to be a aggressive market-driven energy producer.
Positioned in Alvesta, Sweden, the Lyngsasa wind farm has been operational since September 2021 and consists of twenty-two wind generators. The power generates roughly 300 GWh yearly, contributing round 10% to Equinor’s complete renewable energy manufacturing in 2024. This acquisition considerably enhances Equinor’s presence within the Nordic renewables market, the place demand for clear vitality continues to rise.
Equinor’s acquisition gives an instantaneous enhance to its renewable vitality revenues, as the facility generated from Lyngsasa might be bought within the southern Swedish spot market. This transaction will increase Equinor’s service provider publicity, guaranteeing regular operational money flows. By securing 100% possession of Lyngsasa Kraft AB — the particular function car managing the wind farm — Equinor beneficial properties full management over the asset’s operations and income era.
BayWa r.e., a worldwide renewable vitality developer, will proceed its function because the technical and industrial supervisor of the wind farm, guaranteeing the seamless operation of the location.
The transaction obtained the required regulatory approvals and was formally closed on March 19, 2025. With the addition of Lyngsasa to its portfolio, Equinor is reinforcing its transition towards low-carbon vitality whereas capitalizing on Sweden’s well-established renewable vitality market.
Equinor’s continued enlargement into renewables aligns with its broader technique of lowering carbon depth whereas sustaining profitability within the evolving vitality panorama. This acquisition marks one other step in Equinor’s dedication to diversifying its vitality property and strengthening its place as a number one international participant within the clear vitality sector.
EQNR’s Zacks Rank & Key Picks
EQNR at the moment carries a Zacks Rank #3 (Maintain).
Buyers within the energy sector could have a look at some better-ranked shares like Archrock Inc. AROC, NextDecade Company NEXT and W&T Offshore, Inc. WTI. Whereas Archrock presently sports activities a Zacks Rank #1 (Sturdy Purchase), NextDecade and W&T Offshore carry a Zacks Rank #2 (Purchase) every. You’ll be able to see the complete list of today’s Zacks #1 Rank stocks here.
Archrock is an vitality infrastructure firm primarily based in the USA with a concentrate on midstream pure fuel compression. It gives pure fuel contract compression companies and generates secure fee-based revenues.
NextDecade is an rising participant within the LNG area with its Rio Grande LNG challenge in Texas. As demand for LNG continues to develop, the corporate’s strategic investments in infrastructure and deliberate liquefaction capability present robust upside potential. With the worldwide LNG market increasing, NEXT is well-positioned to faucet into the growing export demand from the USA.
W&T Offshore leverages its robust Gulf of Mexico property, which provide low decline charges and important untapped reserves. The corporate just lately expanded its portfolio with six shallow-water subject acquisitions, including substantial confirmed and possible reserves. Centered on high-return natural tasks, WTI has maintained constructive money flows for 27 consecutive quarters.
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W&T Offshore, Inc. (WTI) : Free Stock Analysis Report
Archrock, Inc. (AROC) : Free Stock Analysis Report
NextDecade Corporation (NEXT) : Free Stock Analysis Report
Equinor ASA (EQNR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
