Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Wärtsilä Oyj
  6. News
  7. Summary
    WRT1V   FI0009003727

WÄRTSILÄ OYJ

(WRT1V)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Wärtsilä Oyj : Successful operating performance results in key Malta power plant renewing Wärtsilä service agreement for second time

06/08/2021 | 02:03am EDT

The technology group Wärtsilä has signed a second long-term service agreement renewal for the Delimara Power Plant 3 (D3) in Malta. The plant is a major supplier of electricity to the island and its availability and reliability is essential to the stability of the grid. The five-year Optimised Maintenance Agreement was placed in April with the plant owners, a consortium comprising Shanghai Electric Power and Enemalta, Malta's leading electricity services provider.

The Optimised Maintenance Agreement covers four Wärtsilä 50DF dual-fuel engines and four Wärtsilä 50SG gas engines. The solution covers maintenance planning and services whenever needed, with fixed prices for inspection, operational and technical support, spare parts, and maintenance work. A dedicated technical Wärtsilä team supports the operations on-site, and Wärtsilä Expertise Centre in Trieste, Italy, monitors the installation online.

'This extension is a clear endorsement of customer satisfaction and of the value delivered by our long-term service agreements. The combination of remote monitoring of the equipment and an on-site technical advisor ensures that the plant operates efficiently at all times; reliably and with the lowest possible operating costs,' commented Pekka Tolonen, Energy Business Director, Europe, Wärtsilä Energy.

The 2016 gas conversion project significantly reduced the power plant's carbon footprint and was a proactive means for complying with the EU's Medium Combustion Plant Directive (MCPD), which limits emissions from medium-sized generating plants. The previous exemption given to Mediterranean island states is due to end in 2025.

Long-term service agreements are a key element of Wärtsilä's Lifecycle services, supporting its energy sector customers. The support encompasses the company's technology, software, service expertise, and thorough understanding of installations on a system level.

Learn more:

Wärtsilä Lifecycle solutions
Malta prepares for an LNG-powered future
Delimara power plant 3 gas conversion

Media contact for more information on this release:

Mirja-Maija Santala
Manager, Marketing & Communications
Wärtsilä Energy
Mob: +358 400 793 827
mirja-maija.santala@wartsila.com

Image: Wärtsilä's second long-term service agreement renewal for 5 years for Delimara Power Plant 3 (D3), a major supplier of electricity on Malta, helps to secure stability of the grid on the island. © Wärtsilä Corporation

All Wärtsilä releases are available at https://www.wartsila.com/media/news-releases and at http://news.cision.com/wartsila-corporation where also the images can be downloaded.

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

Disclaimer

Wärtsilä Oyj published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 06:02:02 UTC.


© Publicnow 2021
All news about WÄRTSILÄ OYJ
07/23WÄRTSILÄ OYJ : Wärtsilä to provide thrusters for two Chinese wind farm turbine i..
PU
07/22WÄRTSILÄ OYJ : Wärtsilä engines running on hydrogen blends selected for Keppel O..
PU
07/21WÄRTSILÄ CORPORATION - MANAGER'S TRA : Agnevall, Håkan
AQ
07/20GLOBAL MARKETS LIVE : LVMH, Apple, Microsoft, ABB, SoftwareOne...
07/20WÄRTSILÄ OYJ : Wärtsilä Expects Growth in Q3 Demand But Outlook Still Uncertain
MT
07/20WÄRTSILÄ OYJ : Wärtsilä's Half Year Financial Report January–June 2021
PU
07/20WÄRTSILÄ OYJ : Wärtsilä's Half Year Financial Report January-June 2021
AQ
07/20Tranche Update on Wärtsilä Oyj Abp's Equity Buyback Plan announced on April 2..
CI
07/20Wärtsilä Oyj Abp Reports Earnings Results for the Second Quarter Ended June 3..
CI
07/19WÄRTSILÄ OYJ : Wärtsilä Wins Supply Contract For EDF Renewables Unit's Energy Pr..
MT
More news
Financials
Sales 2021 4 520 M 5 341 M 5 341 M
Net income 2021 217 M 257 M 257 M
Net Debt 2021 308 M 364 M 364 M
P/E ratio 2021 35,0x
Yield 2021 2,08%
Capitalization 7 538 M 8 919 M 8 905 M
EV / Sales 2021 1,74x
EV / Sales 2022 1,58x
Nbr of Employees 17 386
Free-Float 77,1%
Chart WÄRTSILÄ OYJ
Duration : Period :
Wärtsilä Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WÄRTSILÄ OYJ
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,78 €
Average target price 11,83 €
Spread / Average Target -7,40%
EPS Revisions
Managers and Directors
Håkan Agnevall President & Chief Executive Officer
Arjen Berends Chief Financial Officer & Executive VP
Thomas Johnstone Chairman
Sari Kolu Compliance Director
Outi Maarit Aarni-Sirviö Independent Director
Sector and Competitors
1st jan.Capi. (M$)
WÄRTSILÄ OYJ56.26%8 874
ATLAS COPCO AB38.97%78 293
FANUC CORPORATION0.43%44 091
PARKER-HANNIFIN CORPORATION13.52%39 908
STANLEY BLACK & DECKER, INC.15.36%33 265
SANDVIK AB12.67%32 974