waste to energy funding

Plasco Energy Group received $143 million (US$147.2 million) in growth equity financing for waste-to-energy projects in several countries.

The new financing comes after a $110 million (US$113.2 million) equity commitment announced in July 2010. The investments will be used to support waste-to-energy developments in Canada, the United States, the United Kingdom, Poland, the Caribbean and China.

Plasco converts municipal solid waste into synthetic gas, clean water and construction aggregate. The syngas is then used to fuel engines to produce electricity.

Cascadia Capital was the financial advisor to Plasco Energy Group in the deal. Funds were provided by Soros Fund Management LLC.

Read more financial news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...