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Baseload Capital Sweden AB secures €25m debt facility top finance geothermal projects

Baseload Capital Sweden (Baseload) has signed a €25 million convertible term facility agreement (with SDCL Energy Efficiency Income Trust plc (SEEIT).

Baseload Capital Sweden (Baseload) has signed a €25 million convertible term facility agreement (with SDCL Energy Efficiency Income Trust plc (SEEIT).

The facility will be used to re-finance Baseload’s operational assets and assets in construction or late-stage development as well as to finance future pipeline projects. The facility can be utilised during the availability period and has a 10-year tenor after each draw down. The funding is eligible when the bond is redeemed.

SEEIT was launched to facilitate investment into environmental infrastructure markets. It has always focused on investing in projects that are good for the environment, good for people and commercially sustainable.

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