Interim report Q3, 2020

2020-09-27

Interim report for the period 1 January – 30 September 2020

Baseload Capital Sweden AB (publ) today releases the results for the period 1 January – 30 September 2020


During the third quarter, development in each market has remained strong despite the current COVID-19 pandemic. Our project companies have experienced some delays in their projects, but work has largely been able to proceed as planned.

  • The result for the third quarter was SEK -7.0 million (SEK -22.6 million for the same period in 2019). For the 9 months ending 30 September 2020, the result was SEK -25.7 million (SEK -13.3 million for the same period in 2019).
  • Waita, which was commissioned during the second quarter, produces electricity as expected. The other Japanese project, Midori, commissioned at the end of the second quarter is still being adjusted and is expected to be fully operational before the end of the year.
  • In Taiwan, work is continuing on a number of projects. Drilling operations began at the end of August for the Westlake project, which is expected to be the first commercial geothermal project in Taiwan.
  • The new pump installed at the group’s first power plant in Fludir in Iceland, means that four more Climeon modules will be able to be operational in the facility. Reykholt is expected to be commissioned during the fourth quarter, while the commissioning of Efri Reykir has been delayed and is now expected to be commissioned during the first half of 2021. During the quarter, the convertible loan issued by Baseload Capital to Varmaorka was converted into shares.
  • During the quarter, a subsidiary was established in the US, Baseload Power US. The company started the investment in the first project in California.
  • Additional funds have been invested from the proceeds account of Baseload Capital’s green bond listed on Nasdaq. The company complied with all covenants during the quarter.
  • During the quarter, the company began a collaboration with the New Zealand company Geo40 and participated in the share issue that Geo40 carried out. Geo40 has developed a technology for extracting silicon and other minerals from geothermal water, which reduces the operating costs of geothermal power plants. At the same time, minerals are produced in a sustainable way.

The information was submitted for publication at 07:30 CET on 27 September 2020.

For more information, please contact:
Alexander Helling CEO of Baseload Capital
alexander.helling@baseloadcap.com

RELATED POSTS

「我們的隱藏力量」- 全台第一本地熱與再生能源童書發表

台灣台北(西元2023年7月10日)– 來自瑞典的兒童繪本 ”Our Hidden Powers” 正式發表繁體中文版 –「我們的隱藏力量:風光水火土  打造永續地球」

倍速羅得串連公學研   深耕地熱能源教育   為台灣打造關鍵人才基地

台灣台北(西元2023年5月18日)– 邁向淨零永續轉型,地熱能源為關鍵戰略之一,瑞典地熱能源開發商倍速羅得公司(Baseload Power Taiwan)今(18日)攜手8所地質與地球科學領域公學研單位,

地熱能源開發商倍速羅得攜手花蓮紅葉國小,齊力守護太魯閣族歌謠樂舞與文化傳承

花蓮縣萬榮鄉紅葉國小近年翻轉教育思惟,不囿於偏鄉匱乏,不盲目追求第一,重塑傳統文化課程,帶領孩子看見所處的美好土地與文化瑰寶,以作為獨一無二的部落後代,感到榮耀與自信。地熱能源開發商倍速羅得來自尊重多元文化價值的瑞典,因地熱發電計畫與紅葉部落結緣,深感認同校方以文化培育內在韌性的教育理念,於10月30日親子運動會活動中,黃天德董事長親自出席並捐贈10萬元教育基金,以實際行動支持文化紮根教育,展現深耕在地、與社區共好之心意,期望與學校、部落與地方政府共同合作,打造文化傳承平台,齊力守護太魯閣族歌謠樂舞與文化。
1 2 3 ... 8
menuchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram