Sun Pacific Holding Corp’s Subsidiary National Mechanical Group’s Partnership with Blissful Holdings, LLC Announces Solar Panel and Transformer Manufacturer Partners for to its Solar Farm Project in Durango Mexico
October 29, 2019 09:15 ET | Source: Sun Pacific Holding Corp.
MANALAPAN, N.J., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group (“NMG”) partnership with Soluciones De Energia Diversificada Internacional, S.A.P.I. (“SEDI”) a subsidiary of Blissful Holdings, LLC has selected “JA Solar” to supply solar panels and “Sungrow” to supply transformers for its Solar Farm Project in Durango Mexico. The partnership to implement and develop a 10 to 40+ megawatt solar farm in Durango Mexico was formed to bring together subject matter expertise with “in-country” expertise in building, construction, technology, and regulatory knowledge and skills.
The partnerships’ first successful milestone was for the executed lands rights agreement and a power purchase agreement for a solar farm in Durango Mexico. With this milestone accomplished, the second milestone was to seek out manufacturers for the solar panels and transformers/power supply devices that could meet the stringent requirements of the financing partners that have been reviewing the project.
JA Solar is a leading global manufacturer that provides silicon wafers, cells, and modules for complete photovoltaic power systems in over 120 countries and regions. Sungrow specializes in the manufacturer of energy power supply and storage devices for solar energy power plants around the world. JA Solar and Sungrow have reviewed the project and the Partnership has completed due diligence on the manufactures, with agreements reached on deliverables and pricing for the Durango project.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are excited with the pace of the project and with the selection of JA Solar and Sungrow. The next milestone of selecting a financing partner is underway and we are hopeful that by building out a “top of class” team of experts and partners that we will be able to efficiently and professionally launch this project in Durango Mexico. At Sun Pacific we are continuing to look at building out partnerships and joining teams in which we can use our expertise to build value for all of our stakeholders. Using creative financing alternatives, assembling teams and partners that we can participate with, along with using other creative solutions is a key strategy that we are deploying to create value, while meeting the requirements of financial lenders and business partners.”
The Company looks forward to keeping its stakeholders aware of the progress of our Partnership in Durango Mexico, along with its other initiatives in clean energy solutions.
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