Apr 16, 2025 | Posted by Abdul-Rahman Oladimeji
Google has signed its first corporate Power Purchase Agreement (PPA) for a geothermal project in the APAC region. According to Google, the long-term PPA is aimed at catalyzing the geothermal market in the region and involves a direct equity investment in Baseload.
"This long-term partnership with Baseload Capital, which includes an equity investment in the company, represents our latest step to accelerate the deployment of geothermal as a 24/7 clean energy technology across Asia Pacific and globally," Google said in a statement.
Baseload is a Stockholm-headquartered energy investment agency that invests in and develops geothermal heat and power plants globally. The company broke ground on its first geothermal project in the city of Hualien, 200km (124.2 miles) from Taipei, in 2020, but the project remains in the drilling phase. When completed the project is expected to deliver 2MW of power.
