News

8.11.2011: Renewa to supply boiler plant expansions to Kurikan Kaukolämpö

Kurikan Kaukolämpö Oy, a district heating provider owned by the town of Kurikka and the energy company Fortum, has commissioned Renewa Oy to supply the expansions of its boiler plants at Kurikka and Ilmajoki in Finland. Renewa will deliver a new 6 MW boiler unit to each plant. The new grate boilers that utilise domestic wood-based fuel help the district heating company to considerably reduce the proportion of oil as an energy source.

Kurikan Kaukolämpö currently produces in its two plants a total of about 100 GWh of thermal energy per year. The Ilmajoki plant features a 4 MW grate boiler, and the Kurikka plant both a 6 MW fluidised bed boiler and a 5 MW grate boiler. The boiler equipment of both plants were delivered by companies that have since been merged with Renewa. Over the past few years, a lot of new customers have connected to the district heating network of Kurikan Kaukolämpö, resulting in a need for added capacity.

The new boiler plants more than double the company’s production capacity. The company aims to utilise renewable fuel originating from its own province.

“In recent times, the proportion of oil in our heat production has been unsustainably large. Thanks to the boiler expansion, we will be able to replace a lot of it with domestic renewable energy. At the Kurikka plant, the proportion of domestic fuel will increase by about 30%, and at Ilmajoki by as much as 50%,” says Pekka Haapalainen, the company’s Managing Director.

In a bidding competition, Renewa was selected as the supplier of the boiler and related equipment. According to Haapalainen, the scale was tipped in Renewa’s favour by the reasonable overall price of the company’s bid as well as the good experiences Kurikan Kaukolämpö has had with Renewa’s earlier deliveries of high-quality boiler plants.

The new boilers will be up and running at Kurikka around the turn of the year and at Ilmajoki in early 2012.

For further information, please contact:

Pekka Haapalainen, Managing Director, Kurikan Kaukolämpö Oy
Tel. +358 400 158 771, e-mail: pekka.haapalainen(at)kurikankaukolampo.fi

Tuomas Timonen, Managing Director, Renewa Oy
Tel. +358 50 386 0448, e-mail: tuomas.timonen(at)renewa.fi

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising renewable fuels for local energy production. Our business sectors cover heat and power plants, boiler modernisation and retrofit services, and heat exchangers for improved energy efficiency. Renewa is a reliable long-term partner that ensures a high availability and a high efficiency ratio throughout the plant’s lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. www.renewa.fi

Finnish renewable energy technology to France

24.10.2011: Dalkia Nord selects Renewa as supplier of the new district heating plant of Lens

Renewa Oy, a Finnish company specialised in heat and power plants using biofuels for local energy production, will deliver a 22 MW boiler plant to the French energy services provider Dalkia Nord. The plant will mainly rely on local woodchips for fuel to produce steam for electricity production and heat for the district heating network of the northern French district of Lens. Dalkia selected Renewa’s solution, because the plant, based on bubbling fluidised bed technology, offers a highly adjustable combustion process and accepts a wide range of fuels while attaining a low level of emissions. The new plant will partly replace the use of natural gas in energy production for Lens, a district with a population of 350,000.

Dalkia Nord is part of Dalkia, a European energy services provider with operations in over 40 countries. It runs energy production plants on behalf of municipalities and companies, aiming to maintain them as technologically and financially efficient and environmentally friendly as possible. Dalkia provides its customers with total solutions and tailored energy efficiency services in close co-operation with its main owners, Veolia Environnement and Electricité de France (EDF).

Dalkia also co-owns STEP Suomen Teollisuuden Energiapalvelut Oy, a provider of energy services for Finnish industries, and Litesko, a Lithuanian district heating company, with both of whom Renewa also co-operates. The agreement now made with Dalkia Nord on the delivery to France paves way for Renewa’s fluidised bed technology in Central Europe.

‘We were very pleased to learn that Dalkia Nord considered our solution both the most suitable for their needs at Lens and the most economical overall. We believe this project will help us gain new ones in France and elsewhere in Europe,’ says Tuomas Timonen, Managing Director of Renewa.

The scope of Renewa’s delivery covers the boiler plant including the control system as well as the plant steel structures. Project implementation is already underway, and the plant is expected to be ready for commercial production use in late 2012.

For further information please contact:

Tuomas Timonen, Managing director, Renewa Oy
Tel.: +358, e-mail: tuomas.timonen@renewa.fi

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising renewable fuels for local energy production. Our business sectors cover heat and power plants, boiler modernisation and retrofit services, and heat exchangers for improved energy efficiency. Renewa is a reliable long-term partner that ensures high availability and a high efficiency ratio throughout the plant’s lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. www.renewa.fi

Dalkia is one of Europe's leading suppliers of energy and technical facilities services to authorities and businesses, and is a subsidiary of Veolia Environnement and Electricité de France (EDF). Since the company was founded in 1853 they have focused on energy and environmental optimization. With nearly 53 000 employees in 42 countries, Dalkia reported a managed revenue of 8.2 billion euros in 2009. For more information: www.dalkia.com

24.10.2011: Renewa to deliver a 17.3 MW boiler plant for EBM Thermique in France

Renewa Oy, the Finnish company specialised in local heat and power plants utilising renewable fuels, has entered into an agreement on the delivery of a 17.3 MW boiler plant for EBM Thermique to the town of Saint-Louis in Alsace, France. Once completed, the boiler plant will produce both steam for electric power generation and heat for the town’s district heating network, mainly out of wood-based fuels. EBM Thermique selected Renewa’s plant, based on bubbling fluidised bed technology, because it offers a highly adjustable combustion process and accepts a wide range of fuels while attaining a low level of emissions.

EBM Thermique is part of EBM, a Swiss group active as a privately organised cooperative in the energy sector since 1897. EBM activities include electricity and network supply, heat, telecommunications & IT, as well as environmental and electro-installations. As a leading player in local heat provision, EBM operates over 150 installations across Switzerland, as well as in southern Germany and eastern France, specifically in Alsace and Saint-Louis.

EBM Thermique will construct the plant building in accordance with Renewa’s master plan, and Renewa will deliver all of the plant’s machinery and equipment. The project will also include an architecture design allowing its perfect integration into the urban area. The construction will be supervised by SOTEN, an engineering company specialized in biomass cogeneration projects for over ten years.

The boiler plant will mainly rely on wood-based fuels, but other local fuel options will be surveyed as well. Corn cobs represent an important livelihood in the region, and as part of the project agreement, Renewa will examine the potential for future use of corn cobs as fuel for the plant.

“EBM Thermique developed the project jointly with the French engineering company SOTEN, with a target of reaching the highest possible local cogeneration efficiency. SOTEN will also supervise the project, whose architectural design allows it to merge well into the surrounding urban area. With a total area of only 5,000 m², the plant will probably be one of the most compact biomass cogeneration plants in relation to its energy output”, states Mr. Philippe Haffner, Project Director of SOTEN.

“For Renewa, the agreement is a significant step towards becoming more international, and it truly embodies our operating philosophy based on local fuels, local solutions and local energy. There is a growing demand in Europe for plants that generate electrical power and produce heat locally, and our boiler technology is extremely well-suited for local energy production utilising the region’s own renewable fuels,” says Tuomas Timonen, Managing Director of Renewa.

The plant will be handed over to the customer in spring 2013.

For further information, please contact:

Tuomas Timonen, Managing Director, Renewa Oy
Tel. +358 50 386 0448, e-mail: tuomas.timonen(at)renewa.fi

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising renewable fuels for local energy production. Our business sectors cover heat and power plants, boiler modernisation and retrofit services, and heat exchangers for improved energy efficiency. Renewa is a reliable long-term partner that ensures a high availability and a high efficiency ratio throughout the plant’s lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. www.renewa.fi

6.6.2011: Lohjan Biolämpö orders 26 MW Renewa biofuel boiler plant

Renewa Oy and Lohjan Biolämpö Oy have signed an agreement on delivery of a major new boiler plant to Pitkäniemi industrial area in Lohja, Finland. In addition to this 26 MW biomass-fired boiler, Renewa will also supply two 13 MW natural gas boilers to provide backup power. The new installation on the site of the Finnforest Kerto plant will generate steam for the industrial plant, while also supporting the local district heating network in the town of Lohja. The project will result in a long-term environmentally friendly energy system.

The company established for this project, Lohjan Biolämpö Oy, is owned by Lohjan Energiahuolto Oy Loher, the Metsäliitto Group and Ääneseudun Energia Oy. Due for completion in autumn 2012, the new heating plant will use biofuel from the Pitkäniemi industrial area, mainly comprising timber-based by-products, wood chips and other clean timber from the Kerto plant of Metsäliitto Wood Products Industry. The natural gas-fired boilers of the backup power plant will be constructed at the same time.

“We are seeking an energy solution that is environmentally sustainable and based on local biomass. The location of the new facility on the same site as the manufacturing plant providing the fuel will also considerably reduce fuel transportation and the resulting environmental emissions. Discontinuing the use of increasingly expensive coal power will also help to reduce energy costs. The total output of the new plant will be about 200 GWh per year, which will cover the energy requirements of its owners,” explains Kari Liski, Managing Director of Lohjan Biolämpö Oy.

Lohjan Energiahuolto Oy Loher will derive about half of its future urban heating requirements from the new plant.

“The principal benefit of this project for us will be reliable generating capacity to ensure district heating supplies for local residents. It will also bring a huge reduction in the environmental impacts of our energy production, because the use of biomass will reduce our carbon dioxide emissions by 80 per cent compared to current levels. Heating energy supply costs will also decrease, enabling us to provide cheaper district heating to our customers,” explains Loher Managing Director Markus Tamminen.

Renewa was chosen to deliver the project after a thorough competitive tendering process. The company specialises in advanced combustion solutions utilising renewable fuels for local heat and power production. The factors that tipped the balance in Renewa’s favour were its solid experience in plants of this size and its excellent references for similar installations based on combustion of industrial by-products.

Renewa will implement the Lohja heating plant project as an EPC delivery. The project schedule is brisk – the boiler installations will begin early next year and final handover to the customer will take place in October 2012.

For further information please contact:

Tuomas Timonen, Managing director, Renewa Oy
Tel.: +358 50 386 0448, e-mail: tuomas.timonen(at)renewa.fi

Kari Liski, Managing director, Lohjan Biolämpö Oy
Tel: +358 50 598 8000, e-mail: kari.liski(at)finnforest.com

Markus Tamminen, Managing director, Lohjan Energiapalvelut Oy Loher
Tel: +358 50 360 8039, e-mail: markus.tamminen(at)loher.fi

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising renewable fuels for local energy production. Our business sectors cover heat and power plants, boiler modernisation and retrofit services, and heat exchangers for improved energy efficiency. Renewa is a reliable long-term partner that ensures high availability and a high efficiency ratio throughout the plant’s lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. www.renewa.fi

16.05.2011: Renewa supplies 20 MW steam boiler plant to Harjavalta Industrial Park

Renewa Oy and Suomen Teollisuuden Energiapalvelut – STEP Oy and have signed an agreement on a 20 MW steam boiler plant to Harjavalta Industrial Park. The new boiler plant is part of a larger project ensuring future energy supplies for industrial operations at the site. It will support a planned biomass power plant and provide additional capacity for periods of peak demand.

The new boiler plant will produce steam at a rate of 25 tonnes per hour using technology that complies with current and future EU directives on emissions. This heavy fuel oil-fired plant will be equipped with a low-NOx oil burner and efficient flue gas cleaning systems.

The new boiler plant will be installed next to the existing power plant. Manufacturing has already been started at the Renewa workshops and installation work is due to begin on site in August. The boiler plant will be commissioned in December 2011.

Part of Pori Energia, Suomen Teollisuuden Energiapalvelut – STEP Oy is responsible for providing energy services to customers operating in the Harjavalta Industrial Park. STEP supplies on-site industrial customers with steam and process heating recovered from industrial processes and generated at the power plant, and also provides district heating to the nearby town of Harjavalta. The total output of its operations is more than 600 GWh per year.

Renewa has already collaborated for several years with STEP and Pori Energia, providing larger scale power plant maintenance work – initially at Aittaluoto in Pori and subsequently also at Harjavalta in boiler renovation and other projects.

For further information please contact:

Managing director Tomi Ihalainen, Suomen Teollisuuden Energiapalvelut – STEP Oy
Tel.: +358 44 701 2315, e-mail: tomi.ihalainen(at)stepenergy.fi

Managing director Tuomas Timonen, Renewa Oy
Tel. +358 50 386 0448, e-mail: tuomas.timonen(at)renewa.fi

Debut on the Western European market

07.03.2011: Renewa supplies biofuel boiler facility for heat and power generating at French Carbonex plant

The wood coal manufacturer Carbonex SARL has ordered a 15 MW biofuel boiler from Renewa for industrial heat and power generating at a plant in north-eastern France. Renewa will supply a fluidised bed boiler and associated flue gas scrubbing systems. The deal is Renewa’s first delivery to the Western European market.

Carbonex will fuel the boiler with wood chips to generate electric power for French electric network, while also using the boiler to recover surplus heat from the industrial process.

The boiler installation will be made at the Renewa workshops in Oulu and Lapua for a shipment in summer 2011 to the Carbonex plant in Champagne.

“We are seeking to integrate the power plant into our innovative manufacturing process and make use of locally available wood fuel,” explains Carbonex R&D Director Pierre Soler-My. “We chose Renewa to supply our boiler installation, because its combustion technology is suitable for various fuels and Renewa’s flexible approach allows optimal use of local expertise.”

”The Carbonex delivery represents an important debut by Renewa on the Western European market, which has considerable potential for our products,” explains Renewa Managing Director Tuomas Timonen. “Our boiler technology is ideal for local energy generating based on the region’s typically available renewable fuels, such as olive stones and vine cuttings.”

Demand for local cogenerating facilities is growing particularly rapidly in Western, Central and Eastern Europe, with many countries now publicly subsidising conversion to biofuel-fired installations. These policies are also boosted by a European Union commitment to energy generating based on renewable sources, coupled with electricity generating feed-in tariffs and investment subsidies for facility construction in various countries.

For further information please contact:
Managing director Tuomas Timonen, Renewa Oy
Tel. +358 50 386 0448, e-mail: tuomas.timonen(at)renewa.fi

12.10.2010: Seinäjoen Energia orders heating plant from Renewa

Seinäjoen Energia and Renewa have signed a contract for delivery of a 45 MW heating plant. The new plant will supply peak power and reserve power, and start producing heat in autumn 2011. The plant will be manufactured in Renewa’s Lapua and Oulu workshops over the winter, and installation will begin in April 2011.

The energy company is wholly-owned by the City of Seinäjoki, and sells district heat in the Seinäjoki-Nurmo urban area. Altogether 32,000 Seinäjoki residents live in the buildings connected to the district heating network. District heat is produced in Vaskiluodon Voima Oy’s peat-fuelled power plant during the winters, and in Seinäjoen Energia’s own peat-powered heating plant in the summers. The new oil-powered heating plant will produce peak power and standby power for all customers connected to the company’s district heating network.

According to Seinäjoen Energia’s managing director Martti Haapamäki, Renewa’s offer was overall the most economic one. “The needs specified in advance in the procurement programme were analysed in more detail in negotiations with suppliers. In the end, the supplier was selected based on overall cost,” points out Haapamäki.

For further information please contact:
Managing director Martti Haapamäki, Seinäjoen Energia Oy
Tel. +358 20 760 1422, martti.haapamaki(at)seinajoki.fi

Sales director Kari Suominen, Renewa Oy
Tel. +358 400 352 792, kari.suominen(at)renewa.fi

09.06.2010: Vattenfall to use domestic fuels for district heating production in Akaa

Vattenfall Lämpö Oy will enhance the use of domestic fuels to produce district heating in the Käenoja heating plant in Akaa. Renewa Oy will supply the heating plant with a modern 5 MW biofuel boiler and related equipment. The new boiler will be fully integrated with the existing systems of the heating plant.

The boiler in Akaa’s plant is based on mechanical grate technology that enables the use of a wide range of fuels and also ensures high availability. In addition to the boiler plant, Renewa’s delivery consists of unloading and conveyor equipment for the fuel station as well as the plant electrification, instrumentation and automation. The delivery further includes installation, test-runs and documentation. The previous biofuel boiler will be dismantled prior to the new delivery. The Käenoja heating plant also has a natural gas boiler that will remain as a reserve boiler.

“This modernisation supports both the goals set by the EU for renewable energy sources, and Vattenfall’s strategy of replacing fossil fuels with biofuels for heat production. The use of domestic fuels increases national self-sufficiency and the reliability of supplies, and also boosts employment in Finland’s countryside. In addition, the new biofuel boiler will reduce the amount of annual carbon dioxide emissions by 5,200 tonnes,” says Markus Alholm, Managing Director of Vattenfall Lämpö Oy.

“Keeping it local is a definite trend in energy production, both in Finland and in Europe. The aim is to achieve reasonable investment costs, fewer environmental impacts from fuel logistics, and reduced dependability on imported fuels. I believe that many energy production plants using new biofuels will be built in Finland over the next decade,” says Tuomas Timonen, Managing Director of Renewa Oy.

Further information:
Markus Alholm, Managing Director, Vattenfall Lämpö Oy, tel. +358 40 541 5977
Tuomas Timonen, Managing Director, Renewa Oy, tel. +358 50 386 0448

Vattenfall has some 390,000 customers and a 12% market share in Finland. The company generated net sales of MEUR 615 in 2009 and employed some 530 people. Vattenfall sells, generates and distributes energy to 6 million customers in Europe. The company aims to become Europe's leading energy company. More information is available at www.vattenfall.fi and www.vattenfall.com

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising biofuels for local energy production. In 2009 Renewa generated net sales of MEUR 25 and employed over 70 staff in Lahti, Lapua, Oulu, Tampere and Vantaa. www.renewa.fi

Locally produced process steam and heat for Atria’s meat product plant

06.05.2010: Renewa’s steam boiler plant for Vapo inaugurated in Nurmo

The steam boiler plant constructed next to Atria's Nurmo meat production plant has been inaugurated. Renewa, a company specialising in local heat and power plants using renewable fuels, delivered a 13 MW solid-fuel boiler plant to Vapo. The plant will be used to generate process steam for Atria’s production process and for facility heating.

Renewa's delivery consists of a complete bubbling fluidised bed boiler plant including related buildings, a fuel feed bin, and flue gas scrubbers. The new plant will enable switching from oil to the efficient use of local energy to produce process steam and heat at Atria’s Nurmo plant. Locally milled peat will be used as the main fuel in the boiler, but the flexible technology in bubbling fluidised bed combustion will also allow wood-based fuels to be used.

“Keeping it local is a definite trend in energy production, both in Finland and in Europe. The aim is to hold investment costs at a reasonable level, to reduce the environmental impacts of fuel logistics, and to minimise dependence on imported fuels. The Finnish government is also willing to support sustainable domestic solutions that simultaneously promote employment and economic growth," says Tuomas Timonen, Managing Director of Renewa Oy.

The design, manufacture and commissioning of Nurmo’s steam boiler plant provided jobs in Renewa and its subcontractors for dozens of Finnish experts from different fields.

Nurmo’s steam boiler plant has been used for production since summer 2009. Closeness to Renewa’s Lapua office ensures rapid and efficient maintenance services when necessary.

For further information please contact:
Tuomas Timonen, Managing Director, Renewa Oy

Tel. +358 50 3860 448, email: tuomas.timonen(at)renewa.fi

Renewa Oy is a Finnish energy technology company that is growing rapidly and expanding internationally. We offer advanced combustion solutions utilising renewable fuels for local energy production. Our business sectors cover heat and power plants, boiler modernisation and retrofit services, and heat exchangers for improved energy efficiency. Renewa is a reliable long-term partner that ensures high availability and a high efficiency ratio throughout the plant’s lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. In 2009 Renewa generated net sales of MEUR 25 and employed over 70 people in Lahti, Lapua, Oulu, Tampere and Vantaa. www.renewa.fi

18.03.2010: Kaskisten Energia will produce economical district heating using biofuels

Renewa Oy will supply Kaskisten Energia with a 5 MW boiler plant with process and conveyor equipment. The biofuel boiler plant will be built next to the existing oil heating plant and connected to it. Renewa’s delivery scope includes a biofuel boiler plant, fuel feed and conveyor equipment, a grate boiler with chimneys, process air ventilation and pipe connections to the existing heating plant. The new boiler will burn wood-based Finnish biofuel. In addition, sod peat may also be used.

”Kaskisten Energia used to buy heat from Metsä-Botnia's Kaskinen pulp mill. Now that the mill operations have stopped, we have to build a replacement alternative. Renewa's comprehensive financial proposal for the biofuel boiler plant won in the normal competitive tendering process. Moreover, Renewa has extensive experience with and good references regarding these kinds of plants”, says Jyrki Jussila, Managing Director of Kaskisten Energia – Kaskö Energi.

The boiler plant will be delivered under an expedited timetable so that Kaskisten Energia will be able to supply its customers heat, produced economically from renewable biofuels, already in the next heating season. Plant installation will begin in late summer, operations will start up in early November, and the plant will be handed over to the client in December 2010.

For further information please contact:

Kari Suominen, Sales Director, Renewa
Tel: +358 400 352 792, e-mail: kari.suominen@renewa.fi

Jyrki Jussila, Managing Director, Kaskisten Energia
Tel: +358 40 861 7250, e-mail: jyrki.jussila@kaskinen.fi

8.12.2009: Renewa to deliver a 20 MW steam boiler plant to Lithuania

Renewa and Lithuanian Axis Technologies have entered into an agreement for the delivery of a 20 MW steam boiler plant to Litesko, Lithuania’s leading provider of district heating. The boiler plant will be supplied as part of the power plant that Axis Technologies will construct in the city of Alytus, some 100 kilometers south-west of Vilnius. The contract supports Renewa’s growth and internationalisation strategy.

Renewa, which specialises in boiler plants using biofuel, will supply the project with a steam boiler and related equipment. The boiler will generate high-pressure steam for electricity production and district heating, mainly using wood chips as fuel but also peat and straw.

”This agreement is a remarkable step in implementing Renewa’s internationalisation strategy. In cooperation with Axis Technologies we are able to deliver a competitive and environmentally friendly energy-production plant to the leading district-heating provider in Lithuania”, states Renewa’s managing director, Tuomas Timonen.

Renewa’s delivery will include a boiler plant – based on the company’s own fluidised-bed boiler technology – and its start-up. Axis Technologies is responsible for the entire power plant project including automation, electrification, turbine plant and construction.

The main equipment will be delivered to the site at the end of summer 2010 and the power plant will be brought into operation towards the end of 2011.

For further information please contact:

Tuomas Timonen, managing director, Renewa Oy
Tel. +358 50 3860 448, e-mail: tuomas.timonen(at)renewa.fi

Renewa is a Finnish company that is growing rapidly and expanding internationally. We provide heat and power plants and industry with advanced combustion solutions that are scalable for local biomass sources. We act as a reliable long-term partner that ensures high availability and a high efficiency ratio throughout the plant's lifecycle. Our environmental values guide our operations and projects, right from the planning stage through to implementation. Renewa is expected to post total sales of around EUR 24 million in 2009. The company employs about 80 staff and has five offices and three production workshops in various locations in Finland. www.renewa.fi

Axis Technologies is a branch enterprise of Axis Industries specialising in biofuel, gas and liquid fuel boiler-house installation and modernization, and provides complex services such as technical expertise and consultations, design works, boiler-house equipment supply and installation, start-up and adjustments, equipment automation and maintenance services. Presently the company employs over 80 employees. www.axis.lt

25.11.2009: Renewa acquires Boilertec and Pamac Power

Renewa Oy has acquired the business operations of Boilertec Oy and the entire share capital of Pamac Power Oy from companies owned by Mr. Mauno Porola and other owners. The transaction enables Renewa to strengthen its service business as well as its technical design and project expertise in the construction and renovation of larger boiler plants.

Boilertec specialises in services, upgrades and retrofits as well as in the design, manufacturing and installation of power boilers. The company focuses on sales, design and project management. The pressure vessels are manufactured by the subsidiary Pamac Power Oy.

”This transaction represents an important step in implementing Renewa’s growth strategy. The company will become an even more prominent boiler plant supplier in Finland and other focus markets – and expand its offering to include comprehensive maintenance services”, remarks Mr. Tuomo Lähdesmäki, the Chairman of Renewa’s Board.

”We are now investing in project expertise and lifecycle management for power plants. The transaction considerably strengthens our service business, which means that in future we will also be able to act as our customers’ long-term partner in this area”, states Renewa’s Managing Director, Mr. Tuomas Timonen.

”Renewa was the most suitable choice when we were planning the future of our companies. We want to continue operating flexibly and serving our customers’ needs without unnecessary bureaucracy. Our expertise is needed in a company that is growing internationally and we will have access to resources to further develop our operations. Renewa is the right partner to invest in the development of the businesses of both Boilertec and Pamac Power”, explains Mr. Porola, who will become the Product Group Director of Renewa’s Service business unit.

The personnel of both companies will be transferred to Renewa. The transaction provides Renewa with an ISO 9001 certified, efficient pressure vessel workshop and modern production facilities for factory-made solutions.

Renewa is expected to post total sales of around MEUR 24 in 2009. The company employs around 80 staff and has five offices and three production workshops in various locations in Finland.

For further information please contact:

Managing Director Tuomas Timonen, Renewa Oy
Phone: +358 50 3860 448, E-mail: tuomas.timonen(at)renewa.fi

Managing Director Mauno Porola, Boilertec Oy
Phone: +358 400 630 244, E-mail: mauno.porola(at)boilertec.com

5.11.2008: Termopoint and Putkimaa Join Forces

Funds managed by Pohjola Capital Partners and some Termopoint Oy's shareholders have acquired the entire share capital of Termopoint Oy and Putkimaa Oy. Both companies are major suppliers of biomass combustion heating plants in Finland.

Pohjola Capital Partners and the shareholders of both Termopoint and Putkimaa have agreed on a transaction, whereby funds managed by Pohjola Capital Partners and Termopoint Oy's management will acquire the entire share capital of Termopoint Oy and Putkimaa Oy from the companies' long-standing private shareholders.

Termopoint Oy and Putkimaa Oy are major Finnish suppliers of biomass combustion heating plants which use both renewable wood-based fuels and peat in their heat generation.

Some Termopoint Oy's former shareholders and key personnel will also become minority shareholders of the new entity. Putkimaa Oy's shareholders have agreed to remain in operational management. Tuomas Timonen, currently a director in Alstom Group's global operations, will join the management team as Managing Director of the new entity. The new organisation will be further reinforced next year. The transaction will have no effect on the employment contracts of the companies' existing employees.

"The EU objectives for the use of renewable energy make this industry highly attractive. Moreover, Termopoint and Putkimaa represent strong and experienced companies in their industry with excellent references," explains Tuomo Lähdesmäki, Chairman of the Board.
"The boiler technologies of Termopoint and Putkimaa ideally supplement each other, and the new entity will be Finland's leading supplier of 2-40 MW biomass combustion heating plants," states Mikko Kumpulainen, Partner in Pohjola Capital Partners.

"Termopoint and Putkimaa have the potential to expand their business and export their strong expertise. Joining forces and involving a private equity investor will provide the companies with a solid foundation for long-term business development," says Kari Suominen, Managing Director of Termopoint.

For more information, please contact

Tuomo Lähdesmäki, Chairman of the Board of Directors, tel. +358 50 587 9648
Mikko Kumpulainen, Partner, Pohjola Capital Partners Ltd, tel. +358 40 582 6645

Termopoint

Established in 1982 and based in Lahti, Termopoint Oy is a manufacturer of heat technology equipment and plants. The company's products consist of biomass combustion heating equipment and plants as well as finned tube heat exchangers. Termopoint's engineering and production are aligned with environmental friendliness and energy-saving aspects. In 2007, the company reported a turnover of around EUR 7 million and an operating profit of roughly EUR 0.9 million with a staff of 20.

Putkimaa

Established in 1982 and based in Oulu, Putkimaa is a manufacturer of heat and steam generating boiler plants. Putkimaa's products consist of heat and steam plants for manufacturing and district heating use, based on both solid fuel and oil. In addition to its project management and design organisation, Putkimaa has a workshop in Oulu that manufactures boiler equipment. In 2007, the company generated turnover of over EUR 11 million and an operating profit exceeding EUR 2.6 million with a staff of 26.

Pohjola Capital Partners

Pohjola Capital Partners Ltd, a Pohjola Bank plc subsidiary, is a private equity investor managing over EUR 230 million in funds. The company focuses on buyouts and growth financing of profitable small and medium-sized companies. The company's investment vehicles consist of majority and minority investments as well as mezzanine financing.