A process.in motion
Funding identified
Milestones to be met before commitment
Find a location -
Secure that location
Obtain insurance wrap to protect the investor
Establish where the equipment for the facility will be coming from
Submit Foreign Trade Zone reports so that they can bring into US PT.IDN solar cells cheaper and easier.
https://www.inboundlogistics.com/articles/the...rade-zone/
Apply for State and local tax incentives
Milestones met funder commits
additional Milestones before releasing funds
getting close to reaching final milestones and release of funding
Funding identified
Milestones to be met before commitment
Find a location -
Secure that location
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Oct 27, 2022
Sun Pacific Power has officially signed LOI to purchase 200K sq ft facility to build its 1GW solar manufacturing facility subject to funding and due diligence period
Obtain insurance wrap to protect the investor
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Nov 14, 2022
https://otcmarkets.com/filing/html?id=1619510...Ftjc_G9dth
SNPW Subsidiary Sun Pacific Power Corp Receives “A” Investment Grade Underwriter Support to Provide Insurance Wrap for $50 Million Funding of its US Solar Manufacturing Plant
Quote:Invictus said the preferred funding partner(s) will be formally endorsed to the complete suite of policies so that, in the event of a successful claim, the underwriters will be legally obligated to settle the monies directly to that funder.
Establish where the equipment for the facility will be coming from
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Nov 16, 2022
Sun Pacific Power has selected its premier equipment supplier for our 1GW plus manufacturing facility to be built, which was also part of our insurance review process.
Submit Foreign Trade Zone reports so that they can bring into US PT.IDN solar cells cheaper and easier.
https://www.inboundlogistics.com/articles/the...rade-zone/
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Dec 19, 2022
Foreign Trade Zone reports submitted for designation, this will provide us a better advantage for USA made solar panels, we will be relying on state support to get this accomplished shortly.
Apply for State and local tax incentives
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Jan 4
State is offering Sun Pacific Power Property Tax Abatement as well as Sales and Use Tax Abatements for 10 years at 75%, this is a great achievement as we move forward in putting in the infrastructure for our solar plant in a state that will help us compete
Milestones met funder commits
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Jan 24
We are pleased to announce we have canceled our 14C as we proceed forward with our plans
additional Milestones before releasing funds
getting close to reaching final milestones and release of funding
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Feb 24
Negotiations with State and town are almost complete, we were able to receive a 100% Sales and Use Tax Abatement for 10 years as we complete our process in working with a strong administration to get our project started.
Quote:Sun Pacific Holding Corp
@SunPacificPower
·
Feb 27
EPC is coming a long way, and we are excited about all the opportunities that the local officials are doing to help us achieve our mission, funding and bonding all moving as planned.
