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2014-04-28

Wärtsilä Oyj Abp: Wärtsilä's Kari Hietanen appointed President of European Engine Power Plants Association (EUGINE)

Wärtsilä Corporation, Press release, 28 April 2014, at 12 noon EET

Mr Kari Hietanen, Executive Vice President at Wärtsilä Corporation, has been
appointed President of the European Engine Power Plants Association (EUGINE).
EUGINE is a newly established association of European manufacturers of engine
power plants. There are 14 founding corporate members in the association,
which acts as the voice of the industry in regulatory and policy matters
relating to energy. The objective of EUGINE is to accelerate the acceptance
of engine power plant technology as an essential and value adding energy
source in Europe.

EUGINE aims to ensure that engine power plants are considered a viable and
competitive solution for providing flexible energy, and that such flexibility
is recognized and rewarded in the energy market. The association will thus
contribute to the development of a reliable, affordable, more sustainable and
modern European energy system, resulting in substantial economic and
environmental benefits.

The conditions and fundamentals in the European energy markets are changing.
The amount of intermittent power generation is on the rise as a result of the
increasing penetration of variable renewable generation into the system. This
leads to a greater demand for flexibility in power generation to balance the
fluctuations created as a result of the variable generation from wind and
solar.

"Flexible power generation is needed, not only to enable more renewable
energy, but also to optimize the total European power system. Engine power
plant technology needs to be seen as a truly viable and optimal solution for
providing flexible power generation, which is a prerequisite for a
sustainable and modern European energy system. New market designs to reward
and incentivize investments in flexible capacity are needed in order to
provide the required flexibility in the most economic way," says Kari
Hietanen.

Please find more information atwww.eugine.eu

Photo ofKari Hietanen
http://hugin.info/131481/R/1780328/608634.jpg
For further information, please contact:

Mr Kari Hietanen
Executive Vice President, Corporate Relations and Legal Affairs
Wärtsilä Corporation
Tel: +358 10 709 5609
kari.hietanen@wartsila.com

Ms Tuula Franck
Senior Manager, Media and Stakeholder Relations
Wärtsilä Corporation
Tel: +358 400 267 555
tuula.franck@wartsila.com

Wärtsilä in brief

Wärtsilä is a global leader in complete lifecycle power solutions for the
marine and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of
the vessels and power plants of its customers.

In 2013, Wärtsilä's net sales totaled EUR 4.7 billion with approximately
18,700 employees. The company has operations in nearly 200 locations in 70
countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki,
Finland.www.wartsila.com

Kari Hietanen
http://hugin.info/131481/R/1780328/608634.jpg

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire

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