California Public Finance issues $63 million in municipal green bonds for Divert

Chicago, May 2 – The California Public Finance Authority issued $63 million in municipal green bonds, according to a press release.

Proceeds will be used to fund the development of a new facility that turns wasted food into renewable energy in Turlock, Calif.

Divert, Inc. broke ground on the new Turlock facility.

California considers it a private sector investment.

Divert was founded in 2007. The company is based in Concord, Mass.

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