Friday, 9 March 2018

Wärtsilä’s market share up 6% yoy as energy transition accelerates

Cost competitiveness of wind and solar power is rapidly increasing, hence many installations in favourable locations are now economically viable without subsidies. This accelerating green energy transition drives the need for flexible gas engine solutions. Benefitting from this trend, Wärtsilä managed to boost its market share in the <500 MW market segment from 13% in 2016 to 19% in 2017, according to the McCoy Power Report.

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