CMG Cleantech SA and Panacea Global Energy join forces for a sustainable project in Florida

On April 1, 2025, CMG Cleantech SA announced the signing of a memorandum of understanding with Panacea Global Energy, Inc. CMG is acquiring 25% of PGE for $18 million, paid in CMG shares in accordance with applicable law.

This collaboration centers around the Green Garden Village (GGV) project in Florida, which aims to develop a sustainable commercial ecosystem. GGV will integrate residential communities and renewable energy innovations, including green hydrogen, battery recycling, solar power, and heat pumps. The goal is to cover 100% of the project's energy needs with these technologies.

Darren Taylor, CMG's Managing Director, says the partnership represents a crucial step in driving innovation and sustainability in the clean energy sector.