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Just caught wind of something interesting about CETY making moves in Europe. So Clean Energy Technologies got this non-binding offer lined up with some European solar and wind company, and they've already locked in $4.4 million to start. The full deal could hit around $85 million if everything pans out. Pretty solid for a clean energy technology play if you ask me.
What caught my eye is they're specifically targeting Europe's renewable energy market. The company's betting on Europe having solid government backing for renewables, which honestly makes sense given all the green initiatives over there. CETY specializes in waste-to-energy stuff and engineering services, so they're not just jumping into random markets.
The thing is, it's non-binding at this point, so there's some uncertainty baked in. Deal's tied to hitting certain milestones too. But the fact that they managed to secure initial funding already shows there's real interest in what they're doing. Clean energy technology is clearly getting traction if institutional money is moving on this.
They're trading on Nasdaq as CETY if you want to track it. Interesting to see how this European expansion plays out for them. Anyone else watching this clean energy technology space closely?