Monday, September 25, 2023 11:42:47 AM
"Sun Pacific Holding Corp. Subsidiary Sun Pacific Power Corp and PT. IDN SOLAR TECH sign agreement to help build a US solar panel facility to manufacture up to 1GW of solar panels per year, leading annual revenues to $450 million"
https://www.globenewswire.com/en/news-release/2022/04/19/2424594/0/en/Sun-Pacific-Holding-Corp-
Great meetings with our project team leader planning our solar and battery production, assembly, and sales. He's been traveling from California to Vietnam and China, putting all in place for Elba Power Corp $snpw #EPC #ELBAPOWERCORP #FOXESS #solar #batteries #ManufacturingJobs pic.twitter.com/IMYHPLep72
— Sun Pacific Holding Corp (@SunPacificPower) May 4, 2023
Who the possible lenders or combination there of might be and why
FoxEss they just raised money to expand and 50 million would be a fairly cheap investment to have a US Battery and Inverter manufacturing facility and collect 8% Tax free interest. Without EPC producing one battery or inverter they would get there entire 50 million back in 9 years on the interest alone..
PT.IDN Solar Tech with US Tariffs coming back into years, It would be worthwhile investment allowing them to sell cell their solar cells to EPC at a 25% savings. It would take less than 5 years for PT.IDN to recoup their entire 50 million investment.if EPC sold 1.2 GW a year solar panels.
US government with the inflation reduction act there is a lot of free money available to build US solar manufacturing facilities,(having friends in high places doesn't hurt either)
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