- Invictus Risk Solutions to Provide Insurance Wrap for $50 Million Solar Manufacturing Plant with “A” Investment Grade Underwriter Support.
- Worked with US Military Contractor Marine Electric Systems to manage Battery Service and Repair for FoxESS and New Technology Development.
- Agreement to Build US Solar Panel Facility to Produce up to 1GW of Panels Per Year, Leading Annual Revenue to $450 Million.
- Distributorship from FoxESS for North & South America Plus Australia.
- Collaborative Development of Waste Recovery Plants in Australia Projected to Attract $1 Billion in Investments.
Sun Pacific Holding Company, Inc. (OTC: SNPW) is a diversified holding company consisting of subsidiaries: Sun Pacific Power Corp, Street Smart Outdoor Corp, and National Mechanical Corp. SNPW use management knowledge and experience to serve customers and shareholders through quality service and equipment and by protecting the environment using smart green technology.
Under the current agreement on the market of inverters and other advanced energy management equipment from the well-established FoxESS brand.
- SNPW Engages Invictus Risk Solutions Services to Provide Insurance Wrap for its $50 Million Solar Manufacturing Plant Financing On October 17th SNPW announced that its wholly owned subsidiary, Sun Pacific Power (“SPP”) has engaged the services of Invictus Risk Solutions to explore the opportunity to provide insurance wrap for the company’s $50 million dollar fund planned US-based solar manufacturing plant through Lloyds of London, London corporation, and other supporting insurance markets. Financing has begun at this time and the underwriting analysis of the project will determine feasibility, testing, and other market considerations.
In the follow-up news on November 15th SNPW reports that after a detailed due diligence project process, Invictus has identified and secured the unwavering support of one of the leading insurance practitioners on its preferred panel of “A” Investment Grade Credit rated underwriters.
Operating within the Lloyd’s of London insurance market, this underwriter’s contract certainty, experience, knowledge, and market reputation are impeccable. Through the coinsurance process, the lead underwriter will issue the proposed suite of insurance policies and be the single point of contact for all correspondence and documentation to manage all claims, endorsements , and change. Invictus has confirmed that the preferred funding partner(s) will be formally endorsed with the full set of policies so that in the event of a successful claim the underwriters will be legally bound to settle monies directly to that funder.
Nicholas Campanella, CEO of SNPW, said, “It is very gratifying to see Invictus’ swift action to secure the high level “A” Investment Grade underwriter support that will now help move financing for our next planned solar power project stage. We have already found a well-suited 200k sq ft property in Alabama that meets all of our facility requirements and is capable of producing over 1GW of solar panels per year for our customers. This project must be the basis of SNPW renewable energy business plan in the near future.” Mr. Campanella further added, “We are excited to work with a strong team of advisors and underwriters who will provide our insurance wrap in cooperation with State officials. The state group provides strong access to a labor force as well as classifying our proposed property as a foreign trade zone designation.” Invictus is an award-winning Client Advocate insurance, risk management, and securitization consultancy. The company continues to stand out from its competitors through a long-term strategy that is to provide the right risk transfer solutions to ensure an attentive, knowledgeable, proactive, and professional service.
- Agreement with Marine Electric Systems to manage Battery Service and Repair for FoxESS and New Technology Development
On July 27th SNPW announced its wholly owned subsidiary, Sun Pacific Power, has an agreement with Marine Electric Systems, Inc. to manage their battery service and repair for FoxESS and technology development. Marine Electric Systems, Inc. (www.marineelectricsystems.com) is a very well established company serving a variety of important clients including the US Navy. The North American battery market was valued at $22.51 billion in 2020, and is expected to reach $53.84 billion in 2027.
Marine Electric Systems Inc, manufactures electronic devices for the US Navy. The company began wiring ships for the Navy during World War II. Marine Electric Systems is an engineering and vertically integrated manufacturing firm that has successfully designed, manufactured, and delivered its products to the US military for over 80 years.
- SNPW to Build US Solar Panel Facility to Produce Up to 1GW of Panels Per Year, Leading to $450 Million in Annual Revenue
SNPW Launches Website Offering FoxESS Inverter and Energy Storage Products for North America, South America, and Australia
On January 25th SNPW announced the new weblink for FoxESS Co. LTD after becoming the authorized distributor for the entire FoxESS line of energy storage products throughout North America, South America, and Australia last November. Sun Pacific Power web link https://sunpacificpower.com/fox-ess/ .
For more information on FoxESS visit: https://www.fox-ess.com/
See the SNPW product line at https://sunpacificpower.com/nano-solar/
For more information on Sun Pacific Holding Company, Inc. (OTC: SNPW) visit: https://sunpacificholding.com
DISCLAIMER: This article is purely for informational purposes and is not a recommendation in any way for buying or selling stocks.
Media Contact
Company Name: Sun Pacific Holding Company, Inc.
Contact Person: Nicholas Campanella, CEO
Email: Send Email
Phone: 732-845-0906
address:345 Highway 9 South Suite 388
City: City of Manalapan
State: NJ 07726
Country: United States
Website: www.sunpacificholding.com
