Wärtsilä Corporation, Trade Press Release, 10 May 2007
Wärtsilä has received an order for six turnkey biomass-fuelled power plants in April. The total value of the order is approximately EUR 100 million. The customer is the German-based company Bayernfonds BestEnergy 1 GmbH & Co. KG.
Construction is planned to start in July 2007, depending on the construction and operational permits being issued by the local authorities. It is anticipated that all six power plants have been completed towards the end of 2008.
“Wärtsilä’s BioPower solutions are ideally suited for the European market, which is strongly committed to the use of renewables”, commented Banmali Agrawala, Vice President of Wärtsilä’s Biomass business.
All six plants have an identical configuration, and will each have an electrical power output of 5.6 MWe. The plants will burn wood residues from local forests, and the electricity that they generate will be fed to the main grid.
Bayernfonds BestEnergy 1 GmbH & Co. KG is a unit trust company of Real I.S. AG, one of Germany’s biggest bank-related fund initiators and a wholly owned subsidiary of Bayerische Landesbank.
The commercial viability of the plants is supported by the German EEG law that was specifically created to promote investments in renewable energy.
“Wärtsilä Biomass-fuelled plants are clean and efficient. They are practical solutions for meeting need for renewable energy supplies with minimum environmental impact”, says Andreas Heibrock, member of the executive board of Real I.S. AG, enthusiastically. The plants incorporate patented Wärtsilä BioGrate combustion technology to burn biomass fuels with high combustion efficiency and low NOx and CO emissions. The moisture content of the fuel can be as high as 55%.
BioPower plants are highly modular, being based on well-proven standardised components with a reliable design approach. The plants can thus be delivered and installed quickly. Their proven technology results in a reliable, durable plant.
“With this product, Real I.S. demonstrates again in 2007 that it stands for innovative and trend-setting investment offers for private investors”, according to Andreas Heibrock.
Wärtsilä in brief
Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 14,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.
For the energy markets, Wärtsilä provides power plants for baseload, intermediate, peaking, standby and combined heat and power applications, as well as solutions for oil pumping. The product range comprises gas- and oil-fired power plants with outputs from 1 MW to 300 MW, biopower plants with outputs from 1 to 5 MWe, and biothermal plants for 3–17 MWth
For further information, please contact Ms Eeva Kainulainen, Vice President, Corporate Communications, tel. +358 10 709 5235.
About Real I.S. AG
As a wholly owned subsidiary of BayernLB, Real I.S. represents the asset management company for commercial property. Besides offering classic consulting services for real estate portfolio holdings and real estate development, Real I.S. is also one of the largest bank affiliated initiators. Since 1991, more than 90 funds with a total investment value of €4.8 billion were emitted, both for private and institutional investors. The comprehensive product range comprises, among others, investment funds in real estate in Germany and abroad, container ships, solar energy plants and private equity. In addition, customized solutions, portfolio management and the management of international real estate portfolios for institutional investors complete our service.
Real I.S.’s services and products are certified with a TQM by TÜV Süddeutschland and comply with DIN EN ISO 9001:2000. For further information, visit our website www.realisag.de
Real I.S. AG
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Fax: +49 (0) 89 489082- 295