Baseload Capital issues green bond of SEK 500 million

Baseload Capital has issued its first green bond. In total, SEK 500 million has been raised to finance low temperature geothermal heat power globally. 

Baseload Capital has issued a SEK denominated senior secured green bond under its green bond framework. The bond is the first one in Sweden focused on low temperature geothermal heat power. 

- The response, interest in and support from investors for what we are doing has been extremely positive. It is clear that the investors who have chosen to participate in our bond want to play an active role in changing the energy landscape from brown to green, says Alexander Helling, CEO of Baseload Capital.

The proceeds from the bond will be used to invest in and develop low temperature Heat Power plants in specific markets. Heat Power plants generate renewable electricity from heat 24/7.

-Each Heat Power plant will significantly reduce greenhouse gases and support the local community with a sustainable baseload power, says Pernilla Wihlborg, COO of Baseload Capital.

The bond offering, which immediately attracted considerable interest, has been placed with Nordic institutional investors.

DNB Markets acted as advisor and lead arranger of the green bond.

For further information, please contact:

Alexander Helling, CEO, Baseload Capital
+46 73 772 4020
alexander.helling@baseloadcap.com

Pernilla Wihlborg, COO, Baseload Capital
+46 76 149 7060
pernilla.wihlborg@baseloadcap.com

About Baseload Capital 
Baseload Capital is a specialized investment entity investing in Heat Power, a constant and renewable energy source. The company works globally with the aim to give Heat Power Operators the financial tools to build and operate renewable heat power plants. Baseload Capital is owned by Blue AB, Breakthrough Energy Ventures, Climeon, Gullspång Invest and LMK Forward. For more information visit www.baseloadcap.com 

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About Us

Baseload Capital is a specialized investment entity that funds the deployment of heat power worldwide.The company currently has subsidiaries in Iceland, Japan, Taiwan and USA, which work with local communities and power companies to permit, build and commission heat power plants.Heat power is an affordable form of renewable energy that can be harnessed from either geothermal resources or waste heat. By applying innovative financing structures and using subsidiaries to roll out local implementation, Baseload Capital can help nations quickly transition away from fossil fuels and toward energy independence. The result will lead to more resilient societies and a planet in balance.

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