The 10-year facility, signed in Helsinki today, marks the fourth agreement between the pair during the past decade.

Wartsila says the EUR 150m ($199.99m) will be used to finance efforts in several countries.

Raimo Lind, CFO of Wartsila, said in a statement: “The loan is an important building block in the long-term funding of investments in research and development work. Cutting edge R&D operations are the key to retain the position of the most competitive supplier in a fast changing global market.”

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