Renewable energy projects developer Bluesphere’s wholly-owned subsidiary has entered into a joint venture (JV) agreement with a US-based private business group Alfa Eco Corporation to develop global waste-to-energy projects.
Under the terms of the agreement, Bluesphere and Alfa Eco will jointly form a JV firm on a 50%/50% basis for the projects.
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The JV will be responsible for developing turn-key waste-to-energy projects on a build-own-operate model (BOO).
Alfa Eco will provide turnkey and BOO support with all required components in place such as power purchase agreements, feedstock, among others.
As per the agreement, Bluesphere role includes arranging full financing for the projects and acting as the project integrator on the waste-to-energy projects.
Bluesphere CEO Shlomi Palas said the latest JV partnership with Alfa Eco would support the development of various joint waste-to-energy projects.
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By GlobalData"Our ability to establish joint ventures, project financing, and long-term revenue contracts with energy industry leaders such as Alfa Eco is a testament to Bluesphere’s capabilities and reputation in the waste-to-energy market," Palas added.
