June 1, 2017 - 6:00 AM EDT
Print Email Article Font Down Font Up
Wärtsilä to supply two power plants to an Investor Owned Utility in the USA

Wärtsilä Corporation, Press release, 1 June 2017 at 1 pm EET

The technology group Wärtsilä will supply two power plants having a total gross capacity of 188 MW to an Investor Owned Utility in the USA. The contract is contingent upon receipt of regulatory approvals and covers the engineering and equipment (EEQ) delivery for the two plants, both using natural gas as fuel. The equipment will be delivered in 2018, and the plants are scheduled to be operational in 2019. The order, valued at approximately EUR 80 million, is booked for the second quarter of 2017.

The power plants will provide reliable and affordable electricity for some 40,000 residential and business consumers. The power plants, both featuring Wärtsilä 50SG engines, will also help to offset a loss in generating capacity caused by the scheduled retirement of a local coal-fired plant. The switch from coal to Wärtsilä power plant running on clean natural gas will enable significant reductions in greenhouse gas emissions.

After major contracts signed with the cities of Denton and Tallahassee over the past 12 months, Wärtsilä continues to grow its footprint in the USA. The current installed base, including projects under construction, is more than 3,000 MW. Globally, Wärtsilä's installed power plant base is 63 GW in 176 countries.

For further information please contact:

Mikael Backman
Regional Director, US & Canada
Wärtsilä Energy Solutions
Tel: +1 281 2242920
[email protected]

Kristian Mäkelä
Director, Sales & Marketing
Wärtsilä Energy Solutions
Tel: +358 40 1483565
[email protected]

Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global systems integrator offering a broad range of environmentally sound solutions. Its offering includes ultra-flexible internal combustion engine based power plants and utility-scale solar PV power plants, as well as LNG terminals and distribution systems. The flexible and efficient Wärtsilä solutions provide customers with superior value and enable a transition to a more sustainable and modern energy system. As of 2017, Wärtsilä has 63 GW of installed power plant capacity in 176 countries around the world.
www.smartpowergeneration.com

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 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





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire


Source: Thomson Reuters ONE (June 1, 2017 - 6:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice