Clean Energy Technologies (CETY) announced signing a non-binding offer with a European Solar and Wind development company. In connection with the proposed transaction contemplated by the NBO, Clean Energy Technologies has secured an initial $4.4M in equity investment that is expected to form a portion of the funds that would be deployed by the company in connection with the NBO transactions. The total deal size is estimated to be approximately $85,000,000, with investments in the development company based on scheduled milestones. This transaction is expected to expand operations to Europe.
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