The SNPW feature article released this week provid
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Posted On: 03/24/2023 10:28:46 AM
The SNPW feature article released this week provides some very significant points about the company's current solar products marketing capabilities, progress with the upcoming solar manufacturing plant for Alabama and the high earnings prospects when the full business plan is enacted.
From the article:
SNPW is currently being supplied with advanced solar technology products from top Original Equipment Manufacturers (OEM) in various parts of the world who are best suited to serve their specific territories. In conjunction, SNPW is presently adding highly trained solar technology specialists who have over 30 years of experience in the industry.
The SNPW Alabama solar products manufacturing plant will be managed by a wholly owned subsidiary operating company called Elba Power Corp. SNPW recently announced on its official company Twitter site, Alabama state agreements for 100% tax abatement for 10 years on property and sales and use tax. Elba Power Corp has negotiated an inducement resolution for $50 million with Alabama. This will allow SNPW to issue taxable and tax-free bonds for a 20-year term to help fund the project.
SNPW management projects that its Elba Power Corp. operation could reach $450 million or more in annual sales once fully operational.
SOURCE:
Solar Power and Other Smart Clean Energy Projects Ramping Up to Speed for US Manufacturing Plant: Sun Pacific Holding Co. (Stock Symbol: SNPW)
https://www.einpresswire.com/article/62339724...ymbol-snpw
From the article:
SNPW is currently being supplied with advanced solar technology products from top Original Equipment Manufacturers (OEM) in various parts of the world who are best suited to serve their specific territories. In conjunction, SNPW is presently adding highly trained solar technology specialists who have over 30 years of experience in the industry.
The SNPW Alabama solar products manufacturing plant will be managed by a wholly owned subsidiary operating company called Elba Power Corp. SNPW recently announced on its official company Twitter site, Alabama state agreements for 100% tax abatement for 10 years on property and sales and use tax. Elba Power Corp has negotiated an inducement resolution for $50 million with Alabama. This will allow SNPW to issue taxable and tax-free bonds for a 20-year term to help fund the project.
SNPW management projects that its Elba Power Corp. operation could reach $450 million or more in annual sales once fully operational.
SOURCE:
Solar Power and Other Smart Clean Energy Projects Ramping Up to Speed for US Manufacturing Plant: Sun Pacific Holding Co. (Stock Symbol: SNPW)
https://www.einpresswire.com/article/62339724...ymbol-snpw
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