Nordex Group Secures 135 MW in New Wind Turbine Orders Across UK, Belgium, and France, Expanding European Market Presence
Key Insights
Aneo acquired the 130MW Bäckhammar wind farm in southern Sweden from KGAL Investment Management, significantly expanding its Nordic renewable energy footprint.
The operational wind farm, equipped with 31 Vestas turbines, adds approximately 355 GWh of annual production to Aneo's portfolio.
This acquisition strengthens Aneo's geographical diversification and increases its wind output in Sweden's SE3 price zone to nearly 30% of its total portfolio.
The deal, which includes an existing power purchase agreement, reflects Aneo's strategic commitment to building a profitable renewable power portfolio despite challenging market conditions.
Aneo, the Norwegian renewable energy company, announced on July 3, 2025, its acquisition of the 130-megawatt (MW) Bäckhammar wind farm in southern Sweden from KGAL Investment Management. This strategic move significantly bolsters Aneo's renewable energy portfolio across the Nordic region, enhancing its geographical diversification and strengthening its presence in Sweden's critical SE3 electricity price zone.
The Bäckhammar wind farm, located in the Kristinehamn municipality, has been fully operational since 2020 and features 31 Vestas wind turbines. The acquisition is set to add approximately 355 gigawatt-hours (GWh) of annual clean energy production to Aneo's assets. This addition will elevate the company’s total wind output in the SE3 zone to nearly 30% of its overall generation portfolio, underscoring a deliberate shift towards a more balanced and robust energy mix.
Gunnar Hovland, Chief Executive of Aneo, emphasized the strategic importance of the deal, stating, "This acquisition is a new step in the work of building a solid and profitable portfolio of renewable power production." The transaction includes the continuation of an existing power purchase agreement (PPA) with a major international technology firm, providing a stable revenue stream and long-term energy off-take for the project.
Kari Skeidsvoll Moe, Executive Vice President for Renewable Energy at Aneo, lauded the asset's quality, remarking, "Bäckhammar is a well-run wind farm with a good technical standard. It is a good purchase at a competitive price, with opportunities for both industrial optimisation and future development." This assessment highlights Aneo's focus on acquiring high-performing assets that offer potential for operational efficiencies and future growth.
Despite undertaking internal efficiency measures and cost reductions to navigate challenging market conditions, Aneo's investment in Bäckhammar signals a strong conviction in the enduring long-term prospects of the Nordic power market. The region continues to be a hotbed for renewable energy development, driven by ambitious decarbonization targets and increasing demand for clean electricity from industrial and commercial sectors. This acquisition positions Aneo to capitalize on these trends, reinforcing its commitment to sustainable energy expansion.