Wedoany.com Report-Mar 24, SUSI Partners has sold a 95MW Swedish wind farm to Norwegian energy company Equinor.

The Lyngsasa wind farm is located in the south of the country and consists of 22 turbines combining for an average annual power production of 311GWh.

This is enough to cover the electricity consumption of more than 60,000 Swedish households, excluding heating.

The Lyngsasa wind farm accounts for more than 320,000 tonnes of avoided CO2 emissions to date.

SUSI had acquired the asset in 2019 at ready-to-build stage and has sold it to Equinor after more than five years of asset management.

Meanwhile, SUSI has also started the development of a 95MW solar PV plant in Lyngsåsa to enhance the site’s renewable energy generation potential.

With the sale of the wind farm, SUSI has now sold three-quarters of the SUSI Renewable Energy Fund II’s assets based on invested capital.

SUSI launched SREF II in 2014 and built a portfolio of operating onshore wind and solar PV assets located across Europe.

Projects were acquired at ready-to-build and operating stages and SUSI says they have all built up a robust production track record since their respective start of commercial operations.

SUSI says it 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.