Nordic renewable energy developer Aneo has agreed to acquire the Swedish wind power portfolio of RWE Renewables Sweden, strengthening its position in one of Europe’s most active onshore wind markets. The portfolio generates approximately 500 gigawatt hours of electricity each year, adding meaningful scale to Aneo’s growing Nordic operations.

The transaction includes 124 megawatts of onshore wind capacity distributed across 11 wind farms, alongside 48 megawatts of nearshore wind assets. In addition to physical infrastructure, the acquisition also brings experienced employees with capabilities spanning project development, operations, and maintenance, supporting continuity and long-term performance of the assets.

Building Scale in a Strategic Market

For Aneo, the acquisition marks another step in a broader expansion strategy focused on Sweden as a core growth market. The company has been steadily increasing its regional presence, and the addition of RWE’s wind assets significantly diversifies Aneo’s production base, both geographically and technologically.

The deal follows Aneo’s recent acquisition of Swedish wind power company Arise, signaling an accelerated consolidation push. Together, the two transactions position Aneo among the larger renewable energy operators in the Nordic region, with a more balanced portfolio across different wind asset types and locations.

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Strategic Rationale and Market Positioning

Chief Executive Officer Gunnar Hovland described the portfolio as a long-standing area of interest for the company, noting that the agreement provides immediate scale and strengthens Aneo’s competitive standing in Sweden. He emphasized that the acquisition, combined with the Arise transaction, establishes Aneo as a leading Nordic renewable energy player with the capacity to support long-term energy transition goals.

From RWE’s perspective, the transaction represents a strategic handover to a buyer with a dedicated focus on the Nordic wind sector. Katja Wünschel, CEO of RWE Renewables Europe and Australia, said the company welcomed the transition of its Swedish wind business to Aneo, highlighting the buyer’s commitment to long-term development, job creation, and investment in local communities.

Regulatory Path and Next Steps

The agreement has been signed and is subject to regulatory approval in Sweden, which is expected to be completed within the next few months. Once finalized, the integration of the assets and teams is expected to proceed without disruption to operations.

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Implications for the Nordic Energy Transition

The transaction reflects continued consolidation within the European wind sector, as specialized renewable operators scale portfolios to meet rising electricity demand and support decarbonization targets. For Sweden, the deal reinforces the role of established wind infrastructure in delivering reliable, low-carbon power, while for Aneo, it strengthens a platform designed to compete in a market increasingly shaped by scale, operational efficiency, and long-term asset stewardship.

As Nordic countries push to expand renewable generation capacity, transactions like this underscore how strategic asset transfers can align capital, expertise, and regional focus to accelerate the transition toward cleaner energy systems.

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