October 24, 2012
The Even Yehuda, Israel-based Blue Sphere said in a news release it has signed a project agreement to implement a 5.2-megawatt plant in North Carolina and a 3.2-megawatt facility in Rhode Island. The company did not identify specific cities for the units.
Blue Sphere said it anticipates revenue from the projects to total $150 million in the next 15 years.
In connection with the project, Blue Sphere has formed a joint venture with Biogas Nord AG, a German waste-to-energy technology company. The two companies will work together to implement these projects and add another 50 megawatts of waste-to-energy projects in the United States in the coming years. Blue Sphere said it has an option to implement another 10 projects.
Blue Sphere has signed 15-year power purchase agreements with two unidentified utilities for the current projects.