Vattenfalls has said it is the biggest marine engine maker in the European Union.
The Danish giant has announced plans to spend $1.4 billion to build a fleet of 300 marine engines in the next three years.
Vattenfalls said it would build 200 diesel-electric engines at its plant in Denmark, while it will also build 400 marine engines and 450 marine turbine engines.
“The investment will allow Vatten to continue expanding the global market for marine engines,” the company said in a statement.
The move comes just months after Vatten’s former boss at Volvo, Bjorn Vansmark, was sentenced to five years in prison for allegedly using his position as a Vatten board member to help his friend.
Vansmark was arrested in January 2017 and has been serving a five-year sentence in prison.