Blue Sphere Corp. (BLSP)

[Crumbbum]

On May 14, 2019 Blue Sphere announced through its subsidiary Blue Sphere Brabant B.V., (“Blue Sphere Brabant”) the developer and owner of the Sterksel Project, the financial closing of its waste-to-energy project in Sterksel, Netherlands. The Sterksel Project was designed to generate upgraded gas to the grid, with an hourly capacity of approx. 3,500 standard cubic meters/h equal to more than 10 MW of electrical power. Detailed engineering is being performed by the EPC contractor, and construction has been started, As previously reported, the financing for this project was provided by: BNG Bank N.V., ETFF, N.V., Nationaal Groenfonds and Helios Energy Investments 3, LP. Eversheds Sutherland provided the legal advice to Blue Sphere in relation to completing this transaction. The total expected project capital expenditure is approximately €29,631,439 or USD $33,542,922.