SNPW Sun Pacific Holding Corp's Announces its N
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Sun Pacific Holding Corp's Announces its National Mechanical Group Subsidiary Entered into a Partnership Agreement with Renewable Energy Engineers Aust. to Develop an initial 100MW Solar Farm in Queensland, Australia
9:15 am ET June 15, 2021 (Globe Newswire) Print
Sun Pacific Holding Corp. (OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group ("NMG"
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The partnership was formed to develop the solar farm opportunity by bringing together expertise in solar design and development with "in-country" expertise in building, construction, technology, and regulatory knowledge and skills. The team is actively engaged in sourcing components and capital with an end goal of developing up to 100-Megawatt solar farm. The team has currently received a lands rights agreement for 750 acres and one power purchase agreement for the solar farm and is in discussions with component manufacturers and investment partners.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, "We are excited to work with the team at REEA in developing this opportunity and more in Australia. The initial discussions and development so far have been successful, and we look forward to developing this opportunity for all of our stakeholders."
Brian Romer, CEO of Renewable Energy Engineers Aust. stated, "We are looking forward to expanding the energy initiative in Australia and with our collaboration with National Mechanical Group we feel we will have a strong partnership to develop several renewable energy projects. This will lead to billions of dollars of investment and the creation of thousands of jobs with the most advanced technologies throughout Australia and will drive Australia forward to meet its international emission targets as the demand for green power increases."
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