NIB finances Wärtsilä’s R&D programme

NIB and Wärtsilä Corporation have signed a loan agreement totalling EUR 50 million for R&D programme financing.

The 10-year-maturity loan is aimed at financing Wärtsilä’s extensive R&D programme to further develop medium-speed engines. The focus of the programme is to improve engine efficiency, reliability and environmental performance, as well as lower the lifecycle costs. With this programme Wärtsilä strives to strengthen its technology leadership position in the global marine and energy markets.

“With this loan NIB supports Wärtsilä’s R&D efforts in product innovation and development of engines complying with the future emission regulations,” says Henrik Normann, NIB President & CEO.

Wärtsilä offers complete lifecycle power solutions for the marine and energy markets. The company was established in Finland in 1834. Wärtsilä has operations in nearly 170 locations in 70 countries around the world.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Kim Krokfors, Senior Manager Origination, at +358 10 618 0517,

Kyra Koponen, Communications Officer, at +358 10 618 0297,