This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Blue Sphere Corp.: CEO Update Letter

Stocks in this article: BLSP

EVEN YEHUDA, Israel, October 16, 2013 /PRNewswire/ --

Blue Sphere Corp. (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the cleantech sector as an organics-to-energy and clean energy project integrator, is pleased to announce the following update regarding its projects in North Carolina, Rhode Island, Israel, Ivory Coast and Ghana and its pipeline of new projects.

Blue Sphere is striving to become a leader in the organics to energy and clean energy space by securing the rights to implement highly-lucrative projects in the United States and worldwide.  The projects currently in Blue Sphere's portfolio amount to almost 36 MW of annual power production capacity.   There are also 24 MW of power production capacity in various stages of negotiation in our pipeline.    

North Carolina

Our North Carolina project is expected to generate 5.2 MW of electricity from organic waste from the Charlotte metropolitan area.  To-date, the project has in place

  • 15-year power purchase agreement
  • Debt commitment letter
  • Equity term sheet
  • Site purchase agreement
  • Compost off-take agreement
  • Zoning permit
  • EPC contractor
  • Feedstock letters of intent

The environmental and construction permit applications are under preparation.

The next step is to sign on the debt and equity agreements, which are in the final stages of negotiation.  We expect to sign these agreements in the very near future.  

Rhode Island

Our Rhode Island project will generate 3.2 MW of electricity from organic waste from the Charlotte metropolitan area.  To-date, the project has in

  • 15-year power purchase agreement with a 6-year option to extend
  • 15-year lease on the project site with an option to purchase
  • Equity term sheet
  • Debt term sheet
  • Compost off-take agreement
  • EPC contractor
  • Feedstock letters of intent

We expect to begin environmental and construction permit applications in Q4 2013.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,908.68 +103.88 0.58%
S&P 500 2,071.19 +0.54 0.03%
NASDAQ 4,770.8240 +5.4440 0.11%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs