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Wärtsila to spend millions on new engines R&D

Wärtsila has agreed to a EUR 50 million loan in Nordic Investment Bank in order to strengthen the company’s research and development efforts within marine and energy engines.

Photo: Wärtsila

In the years to come, Wärtsila will spend the EUR 50 million on “strengthening its technology leadership position in the global marine and energy markets,” the company states in a press release.

The money will be spend to develop Wärtsila's medium-speed engine technology in terms of efficiency, reliability and environmental performance, as well as in reducing lifecycle costs.

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