SUSI Partners has sold the 95 MW Lyngsåsa wind farm located in the south of Sweden to Norwegian energy company Equinor. With this transaction, SUSI has now successfully exited three quarters of the SUSI Renewable Energy Fund II’s (“SREF II”) assets.

The 95 MW Lyngsåsa wind farm consists of 22 turbines combining for an average annual power production of 311 GWh. This is enough to cover the electricity consumption of more than 60,000 Swedish households (excluding heating), and accounts for more than 320,000 tonnes of avoided CO2e emissions to date. SUSI had acquired the asset in 2019 at ready-to-build stage and has now sold the asset to Norwegian energy company Equinor after more than five years of diligent asset management.

As part of its active asset management approach and commitment to value creation, SUSI also has started the development of a 95 MW solar PV plant in Lyngsåsa, thereby further enhancing the site’s renewable energy generation potential.

SUSI launched SREF II in 2014 and built a well-diversified portfolio of operating onshore wind and solar PV assets located across Europe. Projects were acquired at ready-to-build and operating stages and have all built up a robust production track record since their respective start of commercial operations.

SUSI ensured strong downside protection and cash flow visibility through long-term power-purchase agreements and access to feed-in schemes that provide a minimum offtake-price guarantee across the SREF II portfolio. At the same time, SUSI secured adequate levels of exposure to merchant power prices to retain upside potential and ensure inflation protection in high-power-price environments.

SUSI maintained proactive oversight of its SREF II construction processes and emerging commercial and technical matters in close collaboration with technical and commercial management (“TCM”) as well as operations and maintenance (“O&M”) providers. Additionally, SUSI pursued various value-adding initiatives across its portfolio, including the extension of the assets’ design life and the exploration of the potential for repowering and co-location with battery energy storage capacity and complementary renewable power generation.

With the successful sale of the Lyngsåsa wind farm, SUSI has now sold three quarters of SREF II’s assets based on invested capital, thereby delivering well-performing, resilient, and SFDR 9-aligned assets to the new owners and securing attractive value for its clients and their beneficiaries.