Baseload Capital Sweden AB (publ) today releases the results for the period 1 January – 30 June 2021
Interim report for the period 1 January – 30 June 2021
During the second quarter the focus has been on execution and business development in all of our active markets.
- Profit/loss for the period was SEK -34.1 million, with revaluation of projects and loans to subsidiaries accounting for SEK -17.2 million, of which SEK -7.5 million consists of exchange rate differences as a result of a stronger Swedish krona.
- In the US, the project company is still waiting for permission from the authorities to release geothermal water from the Wendel plant in a nearby stream, but the forecast is that the project can still be completed before the end of the year.
- In Japan work is ongoing on the Sansui site which is expected to be commissioned before the end of the year. The project is the first part of the larger Waita 2 project that Baseload Power Japan and Furusato will develop together.
- In Taiwan the exploration well at Westlake is being finalized. Flow tests have been conducted during the summer, but initial tests show less flow than expected.
- In Iceland Baseload Power Iceland has been established. After the quarter the company has acquired Fludaorka and Reykholtsorka power plants including the expansion rights from Varmaorka. Pre-feasibility analysis is ongoing to set drill targets for each site.
The information was submitted for publication at 07:30 CET on 27 August 2021.
This disclosure contains information that Baseload Capital Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-08-2021 07:30 CET.
For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com
About Us
Baseload Capital is a specialized investment entity that funds the deployment of heat power worldwide. Our portfolio of companies in Iceland, Japan, Taiwan and the U.S. 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 to help our local operators build and run the heat power plants, 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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