Three Icelandic businessmen saw the potential in converting low-temperature heat into electricity, and in January 2018, we acquired a stake in their company, Varmaorka.
Japan
During the fall of 2018, Baseload Capital founded its first official subsidiary in Japan.
Taiwan
During the fall of 2019, we founded our second subsidiary, Baseload Power Taiwan.
USA
In February 2018, we signed an agreement with Wendel Energy Operations I in California to structure a debt facility to finance the repowering of their existing geothermal plant.