InvestorsHub Logo
Followers 3
Posts 155
Boards Moderated 0
Alias Born 08/12/2016

Re: citoyen post# 2950

Wednesday, 09/28/2016 3:28:47 PM

Wednesday, September 28, 2016 3:28:47 PM

Post# of 18500
Good, thoughtful and on point responses from members. I, also, was interested in the Caterpillar connection and I found an article from 2015, too long to post but, I copied and pasted a snippet, It solved my curiosity. Here is is.....‘They knew biogas’
Shlomi Palas, CEO of Blue Sphere, says his company expects to close on that deal for a 3.2-megawatt plant within a week.

It has been a long path to get the Charlotte project started. In 2013, Blue Sphere expected to start construction after reaching a preliminary agreement for $25 million of debt and equity financing with Caterpillar Financial Services.

But making the final arrangements took too long, Palas says. Caterpillar did not understand the renewable-energy business well and that hampered the arrangement, he says.

Entropy stepped in, Palas says, and Blue Sphere was finally paired with a company that specializes in renewable-energy projects.