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.

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