Baseload Power Taiwan, CPC sign geothermal development MoU

The partnership will start with the Tuchang geothermal project in Yilan County.

Baseload Power Taiwan and CPC Corporation have signed a memorandum of understanding (MoU) to accelerate geothermal development in Taiwan.

CPC is Taiwan’s state-owned energy company.

The partnership will combine CPC’s local expertise and resources with Baseload’s international geothermal experience to explore project opportunities across Taiwan, beginning with the Tuchang geothermal project in Yilan County.

Under the MoU, the companies will cooperate on resource evaluation, technical collaboration, due diligence, feasibility studies, and commercial discussions related to geothermal development.

The agreement also includes exploring future joint investment structures to support the growth of geothermal projects across Taiwan.

Baseload said Taiwan has significant geothermal potential and has identified geothermal energy as an important component of its energy transition.

The collaboration aims to support the development of reliable, domestically produced renewable energy whilst contributing to Taiwan’s long-term energy security and decarbonisation goals.