Date: December 13, 2012
Source: Blue Sphere Corp.
Waste-to-Energy and cleantech company Blue Sphere Corp. (Yehuda, Israel) said it had bought a property for its 5.2 megawatt waste-to-energy facility in North Carolina, where construction can begin in the coming quarter. The company says it has already secured a 15-year power purchase agreement, feedstock supply with a tipping fee and compost off-take agreements. They have formed a joint venture with Germany's Biogas Nord AG, a waste-to-energy engineering, procurement, and construction company, to jointly develop this and another similar 3.2 megawatt project in Rhode Island. The two also plan to develop another 50 megawatts of waste-to-energy projects in the US over the next few years.
See also: "Blue Sphere to Build Waste-to-Energy Plants in NC and RI," (www.wasteinfo.com/news/wbj20121107F.htm), October 24, 2012.
December 13, 2012
Blue Sphere Announces the Accomplishment of a Milestone in the Implementation of Its 5.2 Mw Waste-To-Energy Project in North Carolina: Purchase of Suitable Property
Blue Sphere Corp. (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech sector as a waste-to-energy and clean energy project integrator, is pleased to announce that it has purchased a suitable property for its 5.2 MW waste-to-energy plant in North Carolina.
"This represents a major break-through for the Company. Until now, Blue Sphere had 4 of the 5 major components of the project accounted for: (i) 15-year PPA, (ii) feedstock supply with a tipping fee and compost off-take, (iii) reputable EPC provider and (iv) suitable technology. Blue Sphere has now completed the 5th and final component: the land. With this in hand, we have started the countdown to construction and project implementation, which are expected to commence in Q1 2013. All critical path components of this project are now complete. In parallel, we are rapidly approaching the same status for our 3.2 MW plant in Rhode Island." said Shlomi Palas, CEO of Blue Sphere Corp.
For further information please contact Shlomi Palas at 972 50 779 6794 or email@example.com.