Power plant market activity was at a good level during 2012 with a strong focus on natural gas based generation. Supported by their economic growth, the emerging markets continued to invest in new power generation capacity. However, the uncertainty of economic development continued to delay investment decisions in the power generation markets overall. Wärtsilä's share of global orders for natural gas and liquid fuel based power generation (including all prime mover units of over five MW) increased from 3.3% during 2011 to 4.9% during the first half of 2012. The total market was 28.8 GW during the same time period.
In 2012, Power Plants order intake decreased by 5% EUR 1,515 million, while the overall market is estimated to have decreased by 30-40%. Around 74% of the orders received, in terms of MW, were from gas based markets. During the year, Wärtsilä received its largest ever power plant order for a 573 MW tri-fuel project in Jordan. Another major order was received from Azerbaijan, for a 384 MW plant operating on gas. Other important orders were received from the African continent as well as from Indonesia, Australia and the USA. Net sales for Power Plants increased by 10% to EUR 1,498 million (1,365) during 2012, which represents 32% of Wärtsilä's total net sales.