Technology group Wärtsilä has signed a renewal of its Operations & Maintenance (O&M) agreement covering the 105 MW power plant owned by Independent Power Producer Ndola Energy Company Ltd (NECL) in Zambia. The previous agreement had been in force since 2013. By ensuring the reliability and availability of the plant, NECL can meet its Power Purchase Agreement obligations with Zambia’s utility, ZESCO. The order was booked by Wärtsilä in Q2, 2024.
The plant operates with six Wärtsilä 32 engines and six Wärtsilä 32 twin turbochargers. Hydropower is the main source of electricity in Zambia. However, the country is facing an electricity shortage due to a devastating drought that has impacted hydropower generation. The NECL plant is, therefore, an important contributor to maintaining a reliable electricity supply.
Technology group Wärtsilä will supply the engines and auxiliary equipment for a power plant being installed at the Boto gold mine in Senegal. The order, which was booked by Wärtsilä in Q1 2024, has been placed by Africa Power Services (APS), the France based main contractor for the engineering, procurement and construction of the power plant. The mine has been recently acquired by Managem, an international mining group with operations in eight countries across Africa.
The 17 MW power plant will operate with six Wärtsilä 32 engines to be delivered on an engineered equipment (EEQ) basis.
The Wärtsilä 32 engine generating set has established a reputation for reliability during 30 years of successful operations, delivering more than 8,000 MW of energy to customers around the world. Its fast-starting flexibility supports the integration of intermittent supplies of renewable energy, such as wind and solar, into power systems by enabling efficient grid balancing.
The equipment deliveries are targeted to be completed by December 2024, and the plant is expected to be commissioned during Q1, 2025.
The order follows a similar order for Cargo Handling and Fuel Gas Supply systems placed by the yard in 2023 for four VLECs. The new 99,000 m3 capacity VLECs are mainly designed to transport ethane, and will use ethane as fuel. As part of the Cargo Handling and Fuel Gas Supply systems scope, Wärtsilä will also provide basic and detailed engineering services, along with supervision and commissioning at the yard.
Delivery of the Wärtsilä equipment will commence in Q3 2026.
Technology group Wärtsilä continues to support Italy’s 2030 national energy plan and decarbonisation ambitions. In Q4 2023, the company booked an order to supply an 18.5 MW Wärtsilä 50SG gas engine to extend an existing plant operating with three Wärtsilä 50SG engines. These fast-starting engines provide crucial grid-balancing capability as Italy increases its share of renewable energy.
At the same time, Wärtsilä has signed five-year Guaranteed Asset Performance agreements covering seven Italian power plants participating in the country’s Capacity Market. The agreements were booked by Wärtsilä as order intake in February 2024. The power plants were taken into use in 2022 and 2023.
The plant extension, which is expected to be fully operational before the end of 2024, is considered a separate power unit by Terna, the Italian transmission system operator for the capacity market. It is required to be capable of operating for 2,000 hours per year on an on-call basis by Terna.
Wärtsilä’s Guarantee Asset Performance agreement solution is designed to ensure high efficiency, maximised uptime, reliability, and availability throughout the asset lifecycle.
”Wärtsilä vastaa ensi keväästä lähtien rakennustöistä voimalaitoksen valmistumiseen saakka.”
Eikös Wärtsilä tässä juuri ole pari viime vuotta sanonut, että siirrytään kokonaistoimituksista pelkkiin laitetoimituksiin koska aiemmin tuli voimalaprojekteissa niin pahasti näpeille? Vai muistanko aivan väärin?
Wärtsilä on kommunikoinut tosiaan hyvin suoraan, että he siirtävät painopistettä laitetoimituksiin kokonaistoimitusten sijaan. Ovat sanoneet myös ihan suoraan, että tulevat jatkossakin tekemään myös kokonaistoimituksia, silloin kun sen myötä mukana tulevista lisävastuista ja -riskeistä saa tarvittavan korvauksen.
Eli eipä tässä mitään strategian suhteen ristiriitaista ole. Ihan perusbisnestä ja käy järkeen että tässä asiakas vastaa perusinfrasta, minkä jälkeen Wärtsilä hoitaa nimenomaan voimalan rakentamisen josta ei paikallista osaamista Suomessa olisi muualta saatavissa kun kaasuvoimaloista puhutaan. Eli siis tehdään vain sitä missä pystytään tuomaan lisäarvoa ja laskuttamaan siitä sen mukaisesti.
Technology group Wärtsilä and global energy solutions provider RCT Power publicly announce their long-term partnership for the manufacturing of Wärtsilä’s Quantum energy storage systems. The partnership was recently strengthened by an extended supply agreement, which allows Wärtsilä to ramp up manufacturing in Malaysia.
RCT is a global technology leader in stationary storage solutions for both domestic and industrial use. With roots in Konstanz, Germany, RCT operates manufacturing facilities in East Asia, building high quality, efficient, and safe energy storage system solutions.
RCT supports Wärtsilä’s pipeline of energy storage project orders globally. The extension of the agreement further solidifies the partnership and enables Wärtsilä to provide significant benefits to its customers by diversifying its supply chain for energy storage products, a critical component for effective risk management and optimising end-to-end supply chain costs.
Wärtsilä and RCT have had a strong relationship since 2019. Today marks an important milestone in the partnership, as the parties celebrated the delivery of more than 6,000 Quantum energy storage units during a ceremony at RCT’s manufacturing facility.
Wärtsilällä on tällä hetkellä useampia eri suuntiin vetäviä liikevaihto- ja tulosajureita, joiden vaikutusta olemme nyt päivittäneet ennusteisiimme. Nettovaikutus on vuodesta 2025 eteenpäin positiivinen, mutta isoista muutoksista ei ole kyse. Osake on kuitenkin täyteen hinnoiteltu ja säilytämme tämän vuoksi vähennä-suosituksen. Nostamme silti tavoitehinnan 18,00 (aik. 17,00) euroon seuraten vuosien 2025–2026 ennustemuutoksiamme.
Rapsasta lainattua:
Wärtsilän vahvuudet yrityksenä ovat ennallaan. Yhtiön teknologiaportfolio on hyvin kattava ja sillä on tarjolla ratkaisu lähes riippumatta siitä, mikä tai mitkä polttoaineet tulevat energiamurroksen jälkeen olemaan dominoivia. Lisäksi sen markkina-asema on monissa segmenteissä erittäin vahva ja yhtiön laajaan asennettuun laitekantaan perustuva huoltotoiminta on hyvin kannattavaa.
