Baseload Capital opens new geothermal plant in Japan
4 Jun 2026
10:05
Bill Gates-backed Baseload Capital has commissioned its second geothermal power plant in Japan, as the Stockholm-based firm expands into a market with significant untapped geothermal resources.
Baseload Capital, the Swedish geothermal energy developer, has brought its second Japanese power plant online, the company said in a press statement.
The new plant, Waita No. 2, is located in Kumamoto Prefecture and follows Waita No. 1, Baseload Capital's first Japanese project. It was developed in partnership with local operator Furusato Netsuden, in which Baseload Capital invested last year.