Thursday, July 5, 2018

Japan: Swedish Company To Provide 4 Heat Power Modules

Climeon Receives First Contract in Japan (Renewable Energy Magazine)

Swedish company, Climeon, has taken its first step into the geothermal market in Japan with an order for four Heat Power modules to be purchased by Baseload Capital Sweden on the behalf of a newly started Heat Power operator. The order value amounts to just over €2 million ($2.3 million), plus service fees and software licenses.

The newly started Heat Power operator will be jointly owned by a number of Japanese stakeholders and Baseload Capital Sweden.

The modules are to be delivered during 2019 and are expected to be put into operation the same year. Climeon's role in the project is as a supplier, but the company also owns 20 percent of Baseload Capital Sweden, which was formed to finance investments in geothermal heat power.