Any updates on Durango financing and shovel ready?

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The northern state of Durango, Mexico is rapidly shaping up to be the Mexican capital of renewable energy generation. Presently there are 27 energy projects currently under way in Durango supported by Mexican federal administration energy reforms, which are driving federal, state, and private investment into the renewable energy marketplace in Durango.

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The third milestone has been to identify a project funding source/partner and commence due diligence with a target for closing on financing in early 2020 .

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National Mechanical Group (“NMG”) in partnership with Soluciones De Energia Diversificada Internacional, S.A.P.I. (“SEDI”), a subsidiary of Blissful Holdings, LLC, has identified, received preliminary terms, and is proceeding with due diligence including a site visit in December with a project funding source/partner in support of its partnership with SEDI to build and develop the Durango, Mexico Solar Farm Project. The proposed project funding would be for up to $80 million in capital to build a 40 plus megawatt solar farm in which NMG and SEDI would own a thirty percent equity interest in the completed project.

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Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are very pleased that we have identified and are starting due diligence with a potential funding source/partner for the project in Durango, Mexico. We look forward to working with them as they move through their underwriting, analysis and site visits.

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The company looks forward to keeping its stakeholders aware of the progress of our partnership in Durango, Mexico...

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About Blissful Holdings LLC. (website link?)

Blissful Holdings is a company whose specialty is the development of sustainability focused projects in all their forms and also represents international companies that provide high-value products and services. Blissful Holdings’ intent is to have a positive impact on society, government and the environment. For more information, visit www.blissfulholdings.com

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