Google, Baseload Capital Have Corporate PPA for Geothermal in Taiwan

Global geothermal energy developer Baseload Capital has joined with technology giant Google on the first corporate power purchase agreement (CPPA) for geothermal in Taiwan.

The deal announced April 15 will double Taiwan’s current geothermal energy capacity in commercial operation. The companies on Tuesday said Baseload’s geothermal technology will “provide the stability needed to meet future energy demand, ensuring that digital innovation is powered by clean, firm, and sustainable energy.” Baseload Capital officials noted that the company’s geothermal strategy “de-risks investments and accelerates geothermal development.”

The partnership’s initial projects will add 10 MW of geothermal to the Taiwanese power grid. The initial stage is expected to be operational in 2029, with the energy earmarked for data center operations and offices, according to the companies.

Google officials said that by integrating geothermal power into its energy portfolio, the company “is not only reducing its own carbon footprint but also paving the way for a broader industry shift toward firm, clean energy. This CPPA ensures a steady supply of clean power, reducing reliance on fossil fuels and strengthening energy security.”

Google Investment to Support Scaling of Geothermal

The partnership includes an equity investment by Google in Baseload Capital to support the latter company’s efforts to scale geothermal energy.

“We are proud to lead the way in signing corporate PPAs that drive positive change. This agreement underscores the growing market recognition of–and demand for–24/7 clean, firm energy. Our partnership highlights how Baseload’s mission aligns with Google’s portfolio, creating powerful synergies for sustainable tech growth,” said Alexander Helling, CEO of Baseload Capital.

“Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally,” said Michael Terrell, senior director of Clean Energy and Carbon Reduction at Google. “We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide.”

Taiwan is actively transitioning to renewable energy, aiming for 20% renewable energy generation by the end of this year, including geothermal. There is a focus on solar and wind power, particularly offshore wind. Taiwan officials have the country wants to have at least 5.7 GW of offshore wind capacity in service this year, with another 10 GW added across the next decade.

—Darrell Proctor is a senior editor for POWER.