Wärtsilä to supply six BioPower power plants to Germany

Wartsila Corporation, Stock exchange release 10 May 2007 at 03:01 UTC+2

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”, comments Banmali Agrawala, Vice President of Wärtsilä's Biomass business.

“Wärtsilä's biomass-fuelled plants are clean and efficient. They are practical solutions for meeting the need for renewable energy supplies with minimum environmental impact”, says Andreas Heibrock, member of the executive board of Real I.S. AG.

The power plants 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. The commercial viability of the plants is supported by the German EEG law that was specifically created to promote investments in renewable energy.

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.

For further information, please contact Ms Eeva Kainulainen, Vice President, Corporate Communications, tel. +358 40 568 0591

 

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