CHARLOTTE, NC / ACCESSWIRE / September 25, 2018 / Blue Sphere Corporation (BLSP), an international Independent Power Producer (IPP) in the clean energy and waste-to-energy markets, has published an updated corporate presentation on its website that highlights the Company's development phase pipeline as well as current and completed acquisitions and developments.
Shlomi Palas, Chief Executive Officer of Blue Sphere, commented, ''2018 has been a challenging year for Blue Sphere and yet our team continues on with our work and the Company is presently in the process of achieving significant milestones. We are providing this updated presentation to be sure that our shareholders understand that we are working diligently towards our goals and a bright future is ahead of us once we get past current challenges. We hope to provide our shareholders with further updates on each project as milestones are met. I am very proud of the perseverance and toughness of our team as we continue to drive Blue Sphere forward''
Development Phase Pipeline:
13 plants in the development/acquisition phase totaling 65.4MW equivalent:
7 Italian plants totaling 12MW (4 acquisition deals and 3 new construction)
3 United Kingdom plants totaling 36MW
1 Canadian plant totaling 7.6MW
1 Israeli plant totaling 2.5MW
1 US plant totaling 7.3MW equivalent
Brabant, Holland - Estimated Annual Revenue $22 Million
North Carolina, USA - Expected annual revenue $10M
Approximately $586K due to Blue Sphere upon mechanical completion
Rhode Island, USA - Expected annual revenue $7M
Approximately 562K due to Blue Sphere upon mechanical completion
Pavia, Italy - Expected annual revenue $9.6M for the next 10 Years
Udine, Italy- Expected annual revenue $2.5M for the next 10 Years
The updated September 2018 corporate presentation can be accessed and downloaded using the following link:
About Blue Sphere Corporation
Blue Sphere Corporation is a diversified independent power producer that develops, owns, and operates clean-tech, biogas cogeneration and waste-to-energy facilities in the globally. The Company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies.
Blue Sphere facilities eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States, Israel and Europe. For additional information about Blue Sphere Corporation, please visit the Company's website: www.bluespherecorporate.com.
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.
Blue Sphere Corporation
SOURCE: Blue Sphere Corporation