Clean Energy Technologies signs MOU with international PE fund

Clean Energy Technologies has signed an Memorandum of Understanding with Asia Management Energy Capital Partners, an international private equity fund specializing in areas of alternative and renewable energy and climate technologies. AMEC agrees, subject to final approval, to facilitate financing and investment into CETY as its growth capital to develop the waste to energy project in Vermont under Vermont Renewable Gas, as well as provide growth capital to expand into California and the Association of Southeast Asian Nations clean energy markets. AMEC is working with its strategic investment partners in the U.S. to complete the due diligence process and ascertaining the investment terms for up to $12,000,000.00 in tranche funding for VRG. As part of the investment condition, CETY will be required bring its technology, engineering, procurement and construction expertise into the ASEAN markets with the AMEC as its strategy and capital partner.