With the completion of the Waita No. 2 geothermal power plant in Kumamoto Prefecture, Baseload Capital and Furusato Netsuden are positioning Japan as a breakthrough market for geothermal growth. The project demonstrates how community-aligned development models could help unlock scalable growth in one of the world's largest untapped geothermal markets.
Japan holds one of the world's largest geothermal resources. Yet, despite decades of discussion around energy security and decarbonisation, geothermal today accounts for less than 1% of the country's electricity mix.
For Baseload Capital and Furusato Netsuden, the completion of Waita No. 2 marks more than an operational milestone; it signals what the companies believe could become a turning point for geothermal development in Japan.
The 4.995 MW plant began commercial operations in March 2026 and was developed together with stakeholders in the Waita district of Oguni Town, Kumamoto Prefecture. From the beginning, the project was built around close collaboration with the local community and long-term coexistence with local industries and traditions.
