Sweden’s Climeon has received an order for heat modules from Iwana Power GK. The value of the order is estimated to be $4.4 million (40 million SEK).The modules will be deployed as a geothermal power plant in the Gifu Prefecture in central Japan and are to be delivered in 2019.
Courtesy of Climeon
The order was placed by the Heat Power Operator, Iwana Power GK, owned in part by Baseload Power Japan. a subsidiary to Baseload Capital Sweden, and local entrepreneurs.
“The high electricity prices and the country's need for locally produced renewable energy makes Japan one of our most interesting markets ahead. The fact that we have now received another order within geothermal heat power in Japan gives us good conditions for growth in the country in 2019,” said Thomas Öström, CEO of Climeon.
“Climeon's system with standardized modules makes it possible for us to quickly set up our geothermal power plant together with Baseload Capital. We look forward to producing fossil free energy locally through Climeon's technology,” said Gunnar Svensson, Iwana Power GK.
Climeon owns a minority share, 19.9 percent, of Baseload Capital Sweden.