Clean Energy Technologies, Inc. (NASDAQ:CETY) announced a major strategic move into the European renewable energy industry by signing a Non-Binding Offer with an unidentified European solar and wind development business.
Wind turbines against a backdrop of the sky, signifying the power of renewable energy.
Clean Energy Technologies, Inc. has obtained a $4.4 million initial equity investment as part of the planned acquisition, which will add to the projected $85 million deal value. The investment will be implemented gradually following particular development benchmarks.
The deal is anticipated to give Clean Energy Technologies, Inc. access to the expanding solar and wind energy market in Europe, which is backed by stable government policies that support renewable energy.
Clean Energy Technologies, Inc., a clean energy solutions company with its headquarters located in Irvine, California, specializes in zero-emission electricity generation from biomass and waste heat using its proprietary Clean Cycle™ generator. Furthermore, the company offers engineering and project management services throughout North America, Europe, and Asia, as well as Waste to Energy Solutions, which turn agricultural and industrial waste into electricity and BioChar.
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