The power generation markets were challenging throughout 2015, as global macro-economic uncertainty limited investments in new power plant capacity. Growth in the emerging markets and the availability of financing continued to support demand. In the industrialised world, electricity consumption was on a low level and economic growth is needed to boost power plant investments. During the first nine months of 2015, global orders for natural gas and liquid fuel power plants up to 500 MW totalled 17.0 GW, an increase of 3% from the corresponding period of 2014. Wärtsilä’s market share was 9.9% (10.5).
Order intake for Energy Solutions totalled EUR 1,009 million, a decrease of 22% from the corresponding period last year. Of the orders received, measured in MW, 46% were for gas based power plants. Turkish owners contributed to the high level of activity in Europe, while in the USA several orders were received for peaking and renewable support power plants. Energy Solutions' net sales was stable at EUR 1,126 million, which represents 22% of Wärtsilä’s net sales.