Clean Energy Technologies Signs Non-Binding Offer With European Solar and Wind Company

Dow Jones

2025/05/24

By Stephen Nakrosis

Green energy provider Clean Energy Technologies said it signed a non-binding offer with a European solar and wind development company for a deal whose total size is estimated to be about $85 million.

The identity of the European company is currently undisclosed due to confidentiality reasons, Clean Energy said Friday.

In connection with the proposed transaction, Clean Energy received an initial $4.4 million in equity investment, which is expected to form a portion of the funds that would be deployed in connection with the NBO transactions.

The transaction is expected to expand Clean Energy's operations to Europe and allow the company to establish a foothold in the solar and wind power generation market, the company said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 23, 2025 17:36 ET (21:36 GMT)

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