Pacific Holdings Corp SNPW

WHO?

Sun Pacific – operates several subsidiaries including

  • Sun Pacific Power Corp,
  • Street Smart Outdoor Corp,
  • Medrecycler Inc, -MedRecycler is a leading-edge processing facility that will turn waste into renewable energy.
  • Bella Electrical LLC,
  • National Mechanical Corp, and
  • Sun Pacific Security Corp. 

So why are we hear? ESG Umbrella Cool Inovation:

Where?

Sun Pacific Power has eight world-wide manufacturing and assembly locations including five in the United States. Our five USA stocking and assembly facilities provide custom wiring and painting along with quick shipments to any part of the US. Our products are manufactured from top quality materials to provide years of trouble free service, including pure imported A360 aluminum ingot for superior thermal properties and durability. Silicon gaskets seal out dirt and moisture while providing superior fire-resistance.

Biden Govt Love?

He Friends With Team Biden?

So Maybe Easy Breezy Govt Contracts?

Are they Poping PR’s?

Sun Pacific Holding Corp’s Subsidiary National Mechanical Group, in Partnership with Blissful Holdings, Identifies $80 Million Project Funding Source/Partner for Solar Farm Project in Durango, MexicoPress Release | 11/20/2019

MANALAPAN, N.J., Nov. 20, 2019 (GLOBE NEWSWIRE) — Sun Pacific Holding Corp. (Other OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group (“NMG”) in partnership with Soluciones De Energia Diversificada Internacional, S.A.P.I. (“SEDI”), a subsidiary of Blissful Holdings, LLC, has identified, received preliminary terms, and is proceeding with due diligence including a site visit in December with a project funding source/partner in support of its partnership with SEDI to build and develop the Durango, Mexico Solar Farm Project. The proposed project funding would be for up to $80 million in capital to build a 40 plus megawatt solar farm in which NMG and SEDI would own a thirty percent equity interest in the completed project.

The current partnership was established to co-develop a 10 to 40 plus megawatt solar farm in Durango, Mexico utilizing the partners’ respective expertise and industry knowledge. The first milestone in this project was the execution of land’s rights and power purchase agreements. The second milestone was the selection of key manufacturers. The third milestone has been to identify a project funding source/partner and commence due diligence with a target for closing on financing in early 2020.

Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are very pleased that we have identified and are starting due diligence with a potential funding source/partner for the project in Durango, Mexico. We look forward to working with them as they move through their underwriting, analysis and site visits. At Sun Pacific a key strategy for us is to identify opportunities and build partnerships that can allow us to utilize creative financing alternatives to build value for our stakeholders through the management and/or equity or profit sharing arrangements in those partnerships.”

Mr. Campanella further added, “While we diligently evaluate and work on new ways to build stakeholder value, we would like to reaffirm that, at this time, the company is not undertaking a reverse stock split and prior to such action we would inform our stakeholders. We continue to wait and watch to see how the market reacts to how our various projects evolve to determine if and when the need for such an action might be appropriate. We believe that by focusing on our subject matter expertise and relationships to develop green energy projects with various contributing partners that we can enhance value for all of our stakeholders.”

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