$50 Million Insurance Wrap Funding for Solar Manufacturing Plant, Plus Partnerships with Clean Energy Leaders Marine Electric and Fox ESS: Sun Pacific Holding Company (Stock Symbol: SNPW)
Invictus Risk Solutions to Provide Insurance Wrap for$50 Million of Solar Manufacturing Plant.- Working with US Military Contractor Marine Electric Systems to Handle Battery Service and Repair for FoxESS and
New Technology Development . - Agreement with PT. IDN SOLAR TECH to Help Build US Solar Panel Facility to Make up to 1GW of Panels per year, Leading Annual Revenues to
$450 Million . - Distributorship from FoxESS for North & South America Plus Australia.
- "NANO SOLAR" Panels for Global Sales, Capacity Up to 50 MW Per Year.
- Partnership to Develop Waste Recovery Plants in
Australia Projected to Attract$1 Billion in Investment Value.
Under its existing agreement to market inverters and other advanced energy management devices from the well-established FoxESS brand.
- SNPW has Engaged the Services of
Invictus Risk Solutions to Provide Insurance Wrap for$50 Million Funding of its Solar Manufacturing Plant - On
October 17 th SNPW announced that its wholly owned subsidiary,Sun Pacific Power ("SPP") has engaged the services ofInvictus Risk Solutions to assess the opportunity of providing an insurance wrap for a$50 million-dollar funding of the company's planned US-based solar manufacturing plant through Lloyds of London,London corporate, and other supporting insurance markets. The financing is commencing at this time and an underwriting analysis of the project will determine feasibility, testing, and other market considerations. Nicholas Campanella , CEO ofSun Pacific Holding Corp , stated, "As part of our renewable energy platform we move through our underwriting, analysis, and feasibility study. We have identified properties that will add high value to our platform of becoming a key solution in the solar industry while producing over 1GW of solar panels per year to our customers. This project should make an important contribution to the emerging solar industry in its fast-growing market."Mr. Campanella further added, "We are excited to be working with a strong team of advisors and underwriters who will provide our insurance wrap in cooperation with the State officials. The state's team is providing strong access to a labor force as well as classifying our proposed property as a foreign trade zone designation."Paul Rowland , Senior Partner ofInvictus Risk Solutions , stated, "I was very impressed with Nick's experience and strengths and by the detail and positivity of theSun Pacific business plan. Accordingly, I am certain that we can find a way to provide a "best in class" and "best in the market" service and solution. This will support the risk transfer structure that theSun Pacific business model and funding requirements in the short term. In the long term, we hope to establish a strategic friendship and partnership going forward with Nick and his panel of other valued advisors.- The purpose of our engagement is to offer a bespoke suite of insurance products that "wrap" around the proposed investment and project. Our singular goal is to protect all parties by advancing, amongst others, account receivable, construction, financial, liability, management, and operational elements to enhance and support the security of the proposed project.
- By offsetting the risk, we seek to drive the enthusiasm and positivity of the proposed key funders to engage."Invictus is an award-winning
Client Advocate insurance, risk management, and securitization consultancy. The company continues to stand out above its competitors through a long-term strategy which is to provide the correct risk transfer solutions to evidence an attentive, knowledgeable, proactive, and professional service.
Agreement with
On
- SNPW and PT. IDN SOLAR TECH to Help Build US Solar Panel Facility to Make up to 1GW of Panels per year, Leading Annual Revenues to
$450 Million
On
This state-of-the-art processing will be done with local labor under the supervision and training from "IST" and will create cost-effective panels to boost the economy and job creation. "IST" is currently producing 1GW of solar panels and also 1GW of solar cells, a level which is planned to be doubled this year. Solar cells produced by "IST" will be used in our
PT. IDN SOLAR TECH. specializes in solar panel manufacturing and cell production with a current capacity of 1GW for each. PT. For more information, visit www.idnsolar.com
- SNPW Launches Website Offering FoxESS Inverter and Energy Storage Solution Products for
North America ,South America , andAustralia
On
For more information on FoxESS visit: https://www.fox-ess.com/
See the SNPW product line at https://sunpacificpower.com/nano-solar/
For more information on
DISCLAIMER: This article is purely for informational purposes and is not a recommendation in any way for buying or selling stocks.
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Phone: 732-845-0906
Address:345 Highway 9 South Suite 388
City: Manalapan Township
State: NJ 07726
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Website: www.sunpacificholding.com
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