Renewed Update on Project with KEBE S.A. in Greece

Clean Industry Solutions’ subsidiary Industrial Solar GmbH announces the rescheduling of the foreseen contract signature for their highly anticipated project with KEBE in Greece.

Originally planned for the first quarter of 2023 as was published in a previous press release on 11 October 2022, the signing of the contract between Industrial Solar GmbH and KEBE S.A. has been pushed to the fourth quarter of 2023 to align with the timeline of the subsidy program ‘Greek Development Law – Greece Strong Growth’ with a potential funding of 50% for the project. The deadline for the submission period is 29 September 2023. This strategic decision positions KEBE S.A. to leverage the subsidy's benefits fully, enabling a more robust financial structure and unlocking exciting opportunities for enhanced funding. The embracement of the extended timeline showcases Industrial Solar’s commitment to long-term success and its dedication to optimizing resources and ensuring the project's exceptional outcomes for all stakeholders involved.