Stockholm, Sweden, March 15, 2019 – Sweden’s Baseload Capital has issued a SEK500 million Green Bond with proceeds destined to accelerate rollout of low temperature geothermal heat power globally. The company is part-owned by Blue, a Stockholm-based investment company that serves as a catalyst for sustainability-driven innovation.
“The Green Bond offer is a key step forward for the geothermal industry and firmly positions Baseload Capital as the prime mover in leveraging the huge potential of this renewable resource,” said Blue co-founder and CEO Anders Jacobson.
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.
Baseload Capital is a specialized investment entity focused on investing in heat power and providing industry operators the financial tools to build and operate renewable heat power plants. The company was formed in early 2018 through a partnership between Blue and other investors encompassing Climeon, Gullspång Invest and LMK.
In early March, Breakthrough Energy Ventures, an investor-led fund backed by some of the world’s leading business executives, invested USD 12.5 million in Baseload Capital to accelerate the global deployment of low temperature geothermal heat power.
“By 2050 the world will use twice as much energy as today, but we need different, more sustainable clean electricity tools than we have at our disposal today.– geothermal heat power will be one of the key such renewable tools,” said Anders Jacobson.
For more information, please contact David Noble, PR and Communications Director, Blue, at email@example.com or call +44 7785 302 694