Bluesphere and Alfa Eco will form a JV corporation jointly owned by the companies on a 50/50 basis, as per the terms of the JV agreement.
The firms will develop turn-key and build-own-operate (BOO) waste-to-energy projects, through the JV.
Bluesphere CEO Shlomi Palas said the company’s ability to establish joint ventures, project financing, and long-term revenue contracts with energy industry leaders such as Alfa Eco is a testament to firm’s capabilities and reputation in the waste-to-energy market.
"We are very pleased to form this joint venture corporation with Alfa Eco, a company which has resources and relationships that can support the development of numerous joint waste-to-energy projects in partnership with Bluesphere," Palas added.
