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Caterpillar to provide $21m for Blue Sphere biogas projects (USA)

9/2/2012

Israeli company Blue Sphere has signed an agreement in principle with Caterpillar for financing two US projects for electricity production from organic waste. They also signed a joint venture agreement with Germany’s Biogas Nord. Caterpillar is to provide $21 million in financing for Blue Sphere's first two projects in the US, these are the first two of ten projects for the generation of 44 megawatts that Blue Sphere is planning in the USA.

Source: GLOBES Israel’s Business Arena

 
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