Baseload Capital signed a land lease agreement in California, USA
Baseload Capital Sweden AB (publ) has set up Baseload Power US Holdings INC and signed a land lease agreement in Wendel, California
Baseload Capital Sweden AB (publ) has, through an investment into a newly started US SPV, entered into a Land Lease Agreement with a landowner located in Wendel, CA. The goal is to set up a power plant on the land, but construction remains subject to permitting and establishing a Power Purchase Agreement with the local municipality. The planned Power Plant capacity is estimated to between 600 and 1350 kW, and construction will commence once all permits and contracts are in place. Baseload believes that the project can be completed during 2021.
In the long term, the US offers a lot of geothermal potential, particularly in the Western part of the country. Once a team has been established, Baseload Power US Holdings INC will continue to evaluate prospective land areas and opportunities.
For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com
About Baseload Capital
Baseload Capital acts as a catalyst for green baseload electricity by funding renewable energy projects throughout the world. The company currently has subsidiaries in Iceland, Japan and Taiwan, 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 anywhere on the planet. 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.
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