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Monday, 23 May 2022 09:47

Baseload Capital Sweden AB Secures €25 Million Debt Facility to Finance Geothermal Projects

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The Facility will be used to re-finance Baseload’s operational assets and assets in construction or late-stage development as well as to finance future pipeline projects. The Facility can be utilized during the availability period and has a 10-year tenor after each draw down. The funding is eligible when the bond is redeemed.

Alexander Helling, the CEO of Baseload Capital says, “We’re extremely excited because this Facility enables Baseload to roll out projects faster and provide project financing to assets under development and construction.  It is optimally structured for a company like Baseload with a portfolio of geothermal assets in various development phases. SEEIT is an esteemed investment company listed on the London Stock Exchange and a constituent of the FTSE 250 with a strong focus on sustainability and ESG. We are very happy to have SDCL as our important financing partner.”

SEEIT was launched to facilitate investment into environmental infrastructure markets. It has always focused on investing in projects that are good for the environment, good for people and commercially sustainable.

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Commenting further on the investments, Purvi Sapre, Fund Manager of SEEIT, said: “The Baseload Capital investment provides heat and power generated locally from geothermal sources and is a great example of high efficiency renewable district energy generation. The investment generates income straight away and, as such, contributes to meeting both SEEIT's yield and total return targets.”

About SDCL Energy Efficiency Income Trust PLC

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.

For more information, please contact:
Alexander Helling CEO of Baseload Capital
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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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