CETY secures $85m deal to expand into European solar and wind market

From Yahoo Finance: 2025-05-26 09:06:00

Clean Energy Technologies (CETY) has secured a Non-Binding Offer (NBO) with a European solar and wind development company, worth around $85m. This move is expected to bolster CETY’s presence in Europe and capitalize on the region’s renewable energy market supported by government incentives. The initial $4.4m equity investment will help fund the NBO deal. CETY’s expansion into Europe aims to capitalize on the continent’s renewable energy policies and tap into the profitability of solar and wind power generation. The company’s partnership with Qymers Canada involves deploying Clean Cycle units to support zero carbon emission projects.



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