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Thursday, March 14, 2019

Sweden: Geothermal Heat Power Investment Company Issues Green Bond

Baseload Capital issues green bond of SEK 500 million (News Release)

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 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.

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Baseload Capital is a project investment firm that provides capital to develop geothermal energy power plants using technology developed by its Swedish parent company, Climeon.

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