Climeon has won its first order within geothermal heat power in Taiwan. The order comes from Baseload Power Taiwan and the target is to deliver the Heat Power modules by the end of the year.
Associated design and consultancy services will be delivered as the project progresses of the order which is valued at about SEK 41 million (US$4 million).
The power plant is expected to be one of the first commercial geothermal heat power plants in the country.
"We are proud to continue our global expansion through a first order in Taiwan. The geological conditions combined with financial incentives for green electricity production makes Taiwan an interesting market with great potential for Climeon," said Thomas Öström, CEO of Climeon.
"Taiwan is a prioritised market for Baseload Capital and we are very happy to be able to start executing on a first power plant in the country," said Van Hoang, president of Baseload Power Taiwan.
Climeon has together with Baseload Capital worked actively in Taiwan since the beginning of 2019 to establish collaborations with local businesses, landowners and local authorities.
In this first project, the modular Heat Power plant will be built in eastern Taiwan. Apart from the Climeon Heat Power systems, the order from Baseload Power Taiwan includes control software, design, consultancy and procurement services connected to the building of the power plant. The associated services amount to approximately 40 per cent of the total order value.
"Our vision is to deliver an increasingly complete power plant solution to our customers," continued Öström. "In addition to our modules, we also offer the surrounding services that are part of a holistic solution."
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