$SNPW announces that its wholly owned subsidiary,
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Posted On: 05/03/2022 11:23:23 AM
$SNPW announces that its wholly owned subsidiary, Sun Pacific Power Corp (“SPP”) and PT. IDN SOLAR TECH. (“IST”) have an agreement for the development of a 1GW per year solar manufacturing plant in the USA utilizing revolutionary technology currently being used by “IST”.
The project is currently in discussions with various states for our location and installation. 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 USA facility. We are actively engaged in sourcing raw material components and capital with an end goal to sell to developers/EPC in large scale solar projects. Additionally, at this time we are launching our OEM panel production in Indonesia which is under way for our Sun Pacific Power brand while we work at developing our USA factory.
https://finance.yahoo.com/news/sun-pacific-ho...00224.html
The project is currently in discussions with various states for our location and installation. 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 USA facility. We are actively engaged in sourcing raw material components and capital with an end goal to sell to developers/EPC in large scale solar projects. Additionally, at this time we are launching our OEM panel production in Indonesia which is under way for our Sun Pacific Power brand while we work at developing our USA factory.
https://finance.yahoo.com/news/sun-pacific-ho...00224.html
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