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Finland's Wartsila enters solar field, aims at EUR 300m in annual sales

Wärtsilä’s first solar project in Jordan (46 MW) next to an existing 250 Smart Power Generation engine power plant. Source: Wärtsilä (http://www.wartsila.com).

April 22 (SeeNews) - Finnish company Wartsila Corp (HEL:WRT1V) has started offering utility-scale solar energy solutions, expecting annual sales from that business to reach EUR 300 million (USD 338m) in 2020.

The company will provide full engineering, procurement and construction (EPC) services and technology for solar photovoltaic (PV) plants bigger than 10 MW. The new offering also includes hybrid power projects combining solar PV and internal combustion engines to save fuel and emissions during the day.

Wartsila’s solar expansion will focus on Africa, the Middle-East, Latin America and South East Asia. Target customers include utilities, independent power producers (IPPs) and industrial customers.

The Finnish firm’s first solar project involves the installation of a 46-MW PV farm with all control systems and overhead transmission lines in Jordan. It is located next to a 250-MW Smart Power Generation plant comprising sixteen Wartsila 50DF engines. That project will be booked in the fourth quarter of 2016.

Javier Cavada, President of Wartsila Energy Solutions, said the company will rely on its global EPC capability, a wide sales and service network, and existing customer base in 176 countries for its solar expansion.     

“Large-scale solar is a big business, with the installed base expected to grow four-fold to 450 GW by 2025,” Cavada said.

Wartsila manufactures and services equipment in the marine and energy markets.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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