Wärtsilä awarded two major contracts with a combined value of approximately 480 MEUR for power plant deliveries to Latin America

Wärtsilä Corporation,
  • Stock exchange release
10 November 2021 at 8:00 AM E. Europe Standard Time

Wärtsilä awarded two major contracts with a combined value of approximately 480 MEUR for power plant deliveries to Latin America

The technology group Wärtsilä has been awarded two contracts for power plant projects in Latin America with a total value of approximately 480 MEUR. Wärtsilä’s scope includes 22 Wärtsilä 34DF multi-fuel engines and 24 Wärtsilä 50DF multi-fuel engines. The projects will be delivered on a complete Engineering, Procurement & Construction (EPC) basis. The completion dates for the projects are scheduled for mid-2022 and mid-2023. The contracts were signed in November 2021 and are part of the company’s Q4/2021 order intake.

“Wärtsilä is shaping decarbonisation in the energy markets and leading the transition towards a 100% renewable energy future. Through our market-leading technologies, Wärtsilä is at the very core of future energy systems. Our state-of-the-art flexible power generation solutions provide a unique combination of energy efficiency, and fuel and operational flexibility, supported by high reliability. To enable an optimised energy transition path, systems need to be able to respond rapidly to the need to switch the power on and off quickly as supply and demand fluctuates. Wärtsilä’s solutions deliver the needed flexibility to make this possible,” says Håkan Agnevall, President and CEO, Wärtsilä Corporation.

For investor information, please contact:

Hanna-Maria Heikkinen
Vice President, Investor Relations
Tel. +358 10 709 1461
hanna-maria.heikkinen@wartsila.com

For press information, please contact:

Atte Palomäki
Executive Vice President, Communications, Branding & Marketing
Tel: +358 10 709 5599

atte.palomaki@wartsila.com

Wärtsilä Energy in brief

Wärtsilä Energy leads the transition towards a 100% renewable energy future. We help our customers in decarbonisation by developing market-leading technologies. These cover future-fuel enabled balancing power plants, hybrid solutions, energy storage and optimisation technology, including the GEMS energy management platform. Wärtsilä Energy’s lifecycle services are designed to increase efficiency, promote reliability, and guarantee operational performance. Our track record comprises 74 GW of power plant capacity and more than 80 energy storage systems delivered to 180 countries around the world. https://www.wartsila.com/energy

Wärtsilä in brief

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2020, Wärtsilä's net sales totalled EUR 4.6 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

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