Blue Sphere to build 3.2MW biogas plant in Rhode Island

摘要

Under the terms of the JV, Blue Sphere owns 22.75% of the project and received an initial payment of $1,481,900 (?1,381,062) in cash at the closing. Two payments of $562,500 each are expected to be paid later this year upon the project achieving mechanical completion and commercial operation milestones. Blue Sphere CEO Shlomi Palas noted that this is the second closing for the company in 2015, stating: 'We closed on a joint venture to develop a second significant food waste to energy facility in the US, which, under the current construction timeline for the project, is anticipated to commence production and sale of electricity during the fourth quarter of 2015.'