Aneo makes Billion Investment in Sweden
Renewable energy company Aneo is acquiring two Swedish wind farms for just over 1 billion Norwegian kroner. This investment marks Aneo's first venture into new energy production outside of Norway.
Renewable Energy Group Aneo is acquiring two Swedish wind farms for just over 1 billion Norwegian kroner. This investment marks Aneo's first venture into new energy production outside of Norway.
CEO of Aneo, Ståle Gjersvold, and Executive Director Renewable Energy Growth at Aneo, Kari Skeidsvoll Moe, have now made their first investment in new energy production outside of Norway.
Last summer, TrønderEnergi and HitecVision established the new Nordic renewable energy company Aneo. The company aims to increase wind power production by 10 to 12 TWh by 2030. This equates to around eight percent of current Norwegian power production. Therefore, Aneo is seeking projects across the entire Nordic region, and now the first major deal for the purchase of renewable energy production has become a reality.
— We have entered into an agreement to purchase the Grimsås and Brännliden wind farms in Sweden. This acquisition represents an increase of nearly 30 percent in Aneo's ownership of wind power production and is a significant first step in establishing Aneo as an integrated wind power player in Sweden. Sweden will be a vital market for us, says Aneo's Executive Director for Renewable Energy Growth, Kari Skeidsvoll Moe.
Power for 18,000 Households
Aneo is purchasing the two Swedish wind farms from the investment fund Marguerite. The purchase agreement is valued at just over 1 billion Norwegian kroner. The total production from the wind farms of 285 GWh is equivalent to the consumption of approximately 18,000 Swedish households.
— Aneo has contributed to a significant boost in wind power in Norway and shares the same ambition in Sweden. Aneo aims to be an innovative and reliable partner for everyone willing to contribute to the energy transition in the Nordic region, says Skeidsvoll Moe.
Increased Renewable Capacity
While the Grimsås wind farm is situated in the Tranemo municipality in Västergötland, southern Sweden, the Brännliden wind farm is located outside Storträsk in Skellefteå, northern Sweden. The two wind farms feature a total of 23 wind turbines.
— When we entered the Swedish production market in 2018, Marguerite's goal was to increase renewable capacity. We are pleased to have participated in the decarbonization of the electricity system through the construction and production of these two onshore wind farms, says Guillaume Rivron, a partner at Marguerite.
Creating Opportunities
With an initial investment capacity of 15 to 20 billion Norwegian kroner, Aneo aims to contribute to power development, electrification, and energy efficiency throughout the Nordic region, ensuring that the necessary energy transition becomes profitable for customers, society, and owners.
The majority of new investments will be directed towards new power production in wind and solar energy. Many of these investments may be made outside Norway's borders if the government's proposed new taxation system for wind power in Norway is adopted.
— To succeed in our growth ambitions, we depend on sensible regulatory conditions. We note that Swedish authorities have been committed to facilitating wind power through stable and predictable regulations over time. This makes Sweden an interesting market for us, says Aneo's CEO, Ståle Gjersvold.
Broadening Scope in Sweden
Last year, Aneo established an office with its own staff in Stockholm and has significant ambitions for further growth in Sweden, including electric vehicle charging, emissions-free construction sites, and energy efficiency in grocery stores and industries. Aneo is already present in 43 Swedish supermarkets, where the company provides energy efficiency services.
Aneo also owns 36.5 percent of the publicly listed Scandinavian Biogas and 23 percent of Sunna Group, headquartered in Åre.
Contact Information:
Stig Tore Laugen, Director of Communications, Aneo: stig.tore.laugen@aneo.com Tel.: 916 00 217
FACTS
The wind farms
The Brännliden wind farm (commissioned in 2018) in Skellefteå and the Grimsås wind farm (commissioned in 2020) in Tranemo have 10 Vestas turbines (V136 - 4.2 MW) and 13 Siemens turbines (SG 3.6-130) respectively. They are located in price areas SE1 and SE3. The two farms have an installed capacity of 42 and 47 megawatts (MW) respectively, and a combined normal production of approximately 285 gigawatt-hours (GWh) per year. For comparison, both farms together are slightly smaller than the Frøya wind farm, with its 14 turbines and an annual production of around 200 GWh.