MANALAPAN, N.J., Aug. 13, 2019 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group (“NMG”) has entered into a partnership agreement with Soluciones De Energia Diversificada Internacional, S.A.P.I. (“SEDI” ) a subsidiary of Blissful Holdings, LLC to implement and develop a 10 megawatt, with the option to expand to 40+ megawatt, solar farm in Durango, Mexico.
The northern state of Durango, Mexico is rapidly shaping up to be the Mexican capital of renewable energy generation. Presently there are 27 energy projects currently under way in Durango supported by Mexican federal administration energy reforms, which are driving federal, state, and private investment into the renewable energy marketplace in Durango.
The partnership was formed to develop the solar farm opportunity by bringing together subject matter expertise in solar design and development with “in-country” expertise in building, construction, technology, and regulatory knowledge and skills. The team is actively engaged in sourcing components and capital with an end goal of developing the 10+ Megawatts solar farm. The team has currently executed a lands rights agreement and a power purchase agreement for the solar farm and is in discussions with component manufacturers and investment partners.
Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, “We are excited to work with the team at SEDI in developing this opportunity in Durango, Mexico. The initial discussions and development so far have been fruitful, and we look forward to developing this opportunity for all of our stakeholders.”
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp. (Other OTC: SNPW) uses management's knowledge and experience to serve its customers and now its shareholders through quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology. For more information, visit www.sunpacificholding.com.
About Blissful Holdings LLC.
Blissful Holdings is a company who’s specialty is the development of sustainability focused projects in all their forms and also represents international companies that provide high-value products and services. Blissful Holdings’ intent is to have a positive impact on society, government and the environment. For more information, visit www.blissfulholdings.com.
Safe Harbor and Forward-Looking Statements
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.