Baseload investigates the possibility of a new strategic partner
Baseload Capital Holding AB (“Baseload” or the “Company”) has decided to investigate the possibility to identify a new strategic partner that may invest alongside the existing shareholders in order to accelerate the deployment of geothermal Heat Power projects.
As of today, Baseload, through its fully owned subsidiary Baseload Capital Sweden AB (publ), has invested into Heat Power projects in Iceland, Japan, Taiwan and in the US. Baseload Capital, as a group, is constantly looking at opportunities for further expansion into selected key markets. Given the capital intensive industry the group operates in, a potential transaction with a financially strong strategic partner would add operational flexibility and allow for accelerated expansion in the target markets.DNB Markets, a part of DNB Bank ASA, has been mandated by Baseload Capital Holding AB as financial adviser for the potential transaction.
For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com
Pernilla Wihlborg, COO, Baseload Capital
pernilla.wihlborg@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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