$SNPW has real progress is being made on the compa
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Posted On: 05/08/2023 11:19:31 AM
Re: trooperstocks #37179
$SNPW has real progress is being made on the company's high value solar products manufacturing project to be based in Alabama. The details are being supplied to us in regular news, filings and other official announcements from the company.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are happy with our progress and work that we are doing with Elba Alabama and finding a property that will allow us to expand and grow our vision to build a 1.2GW solar products manufacturing and clean power generation plant.”
“We have been working diligently in obtaining our insurance wrap to protect our investment in the project as well as receiving state approvals and executed agreements to proceed with acquiring the 200k Sq. Ft. property.”
Mr. Campanella further added, “The state has approved an inducement resolution for $50 million dollars and a 100% tax abatement on sales and use tax which will save us millions of dollars for our equipment and development. Our insurance wrap allows us to offset the risk for our key funders.”
SOURCE:
$SNPW Wholly Owned Subsidiary Elba Power Corp Executes $2.95 Million Property Purchase Contract in Elba, AL for Solar Manufacturing Plant https://finance.yahoo.com/news/snpw-wholly-ow...;tsrc=twtr
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are happy with our progress and work that we are doing with Elba Alabama and finding a property that will allow us to expand and grow our vision to build a 1.2GW solar products manufacturing and clean power generation plant.”
“We have been working diligently in obtaining our insurance wrap to protect our investment in the project as well as receiving state approvals and executed agreements to proceed with acquiring the 200k Sq. Ft. property.”
Mr. Campanella further added, “The state has approved an inducement resolution for $50 million dollars and a 100% tax abatement on sales and use tax which will save us millions of dollars for our equipment and development. Our insurance wrap allows us to offset the risk for our key funders.”
SOURCE:
$SNPW Wholly Owned Subsidiary Elba Power Corp Executes $2.95 Million Property Purchase Contract in Elba, AL for Solar Manufacturing Plant https://finance.yahoo.com/news/snpw-wholly-ow...;tsrc=twtr
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