Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

WARTSILA RDI

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Finland : € 100,000,000
Industry : € 100,000,000
Signature date(s)
14/11/2007 : € 100,000,000
Link to source
Data sheet
WARTSILA RDI
Other links
Summary sheet
Wärtsilä Research, Development & Innovation

Summary sheet

Release date
1 June 2007
Status
Reference
Signed | 14/11/2007
20060193
Project name
Promoter - financial intermediary
Wärtsilä Research, Development & Innovation

Wärtsilä Corporation, Helsinki

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million.
Approximately EUR 200 million.
Location
Sector(s)
Description
Objectives

Part-financing the Promoter’s RDI investment programme over the 2007-2009 period.

The Project is aimed at increasing energy efficiency and reducing emissions of large internal combustion engines running on fossil and biodiesel fuel and gas used for electrical energy production and marine applications. 

Environmental aspects
Procurement

Given the characteristics of the Project, it can be expected that the competent authority has decided on the basis of Annex III of the relevant Directive that no EIA is necessary.

The Project seeks not only to develop engines with the lowest possible fuel consumption which comply with existing emissions legislation, but also to anticipate upcoming legislation. A second focus of the Project is to enhance the engines for operation with non-fossil, renewable fuels.  The Project will therefore bring substantial environmental benefits in terms of reduced consumption of fossil fuels and also reduced engine emissions. 

The Promoter is a private company, operating in the manufacturing sector; as such it is not covered by EU Directives on procurement.

Comments

Manufacturing.

Link to source
Summary sheet
Wärtsilä Research, Development & Innovation
Other links
Data sheet
WARTSILA RDI

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications