Finnvera guarantees Wärtsilä's deliveries to the United States

Signing date of the Finnvera Guarantee Agreement: 15 July 2026
Exporter: Wärtsilä Finland Oy, Finland
Buyer: Pecos Power Plant LLC, USA
Borrower: Mercuria Energy Company LLC, USA
Guarantor: Mercuria Energy Group Ltd., Bermuda
Export transaction/Goods: 24 Wärtsilä 18V50SG generating sets and auxiliaries
Country of Export transaction/project: USA
Credit amount: USD 350 million
Credit period: 5 years
Percentage of cover: 95%
ES risk classification: A (Finnvera’s ES risk classification)
International standards applied in benchmarking: Relevant IFC Performance Standards and Environmental, Health, and Safety (EHS) Guidelines 
Contact point: [email protected] 
Environmental and social impact information: According to Finnvera's environmental and social risk classification and the OECD Common Approaches, the project is classified as Category A. An Environmental and Social Due Diligence (ESDD) was conducted, and where necessary, corrective measures to address identified gaps have been incorporated into an Environmental and Social Action Plan (ESAP). Subject to the implementation of these measures, the project is expected to be aligned with the objectives of the IFC Performance Standards. The assessment did not identify any environmental or social impacts that would be irreversible in nature or otherwise difficult to mitigate. The project's most significant environmental and social risks relate to climate impacts, as it involves a natural gas-fired power plant using fossil fuel. The facility is designed to operate as a peaking power plant, providing flexible generation capacity during periods when electricity demand exceeds the available supply from variable renewable energy sources. The project falls within the scope of an exception under Finnvera's Oil and Gas Policy. 
Date of publication: 28 October 2026