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Vinge advises Baseload Capital in connection with an investment from Google

April 16, 2025 M&A

Vinge has advised Baseload Capital Holding AB in connection with securing an investment from Google.

Baseload Capital is a leading investment entity dedicated to advancing geothermal energy deployment globally. Through the establishment of operating companies in global locations, Baseload Capital partners with local communities and power providers to commission, permit and build Baseload Capital-funded geothermal power plants. Baseload Capital and its Baseload Power subsidiaries operate in mature geothermal markets like Iceland, the US, and Japan, as well as in emerging markets like Taiwan.

In connection with Google’s investment in Baseload, Google and Baseload have entered into a corporate power purchase agreement (CPPA) for carbon-free geothermal energy in Taiwan. The partnership’s initial projects will add 10 MW of clean energy to the grid, doubling Taiwan’s current geothermal capacity in commercial operation. Once operational in 2029, the projects will supply capacity to help power local data center operations and offices.

Vinges team consisted of Maria Dahlin Kolvik and Gustav Wahlberg.

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