Blue Sphere Joins York Capital to Build U.S. Biogas Plant

(Bloomberg) — Blue Sphere Corp., an Israeli developer of
waste-to-energy projects, has agreed to form a joint venture
with York Capital Management to build and operate a U.S. biogas

Blue Sphere will own 22.75 percent of the 3.2-megawatt
plant in Johnston, Rhode Island, the Even Yehuda, Israel-based
company said in a statement Monday.

This is Blue Sphere’s second joint-venture agreement this
year to build a U.S. facility. The other is for a plant in North

Blue Sphere is receiving $1,481,900 in cash and will get
two additional $562,500 payments in line with operational
milestones expected in the fourth quarter. Entropy Investment
Management is helping to manage the project.

Karl Schilling, a Blue Sphere spokesman, didn’t immediately
return a phone message seeking further comment.

To contact the reporter on this story:
Justin Doom in New York at

To contact the editors responsible for this story:
Reed Landberg at
Carlos Caminada, Steven Frank

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us