Sun Pacific Holding gets land for 1.2-GW solar manufacturing facility in Alabama

• US solar panels as well as clever city remedies company Sun Pacific Holding Corp (OTC: SNPW) has actually carried out a contract to obtain surface in Elba, Alabama, as part of a plan to build a 1.2-GW solar panel production and clean power generation plant.

The price tag of the offer, which concerns a 200,000-square-feet (18,580 sq m) residential or commercial property, totals up to USD 2.95 million (EUR 2.7 m), the firm stated in a news release.

"We have actually been working carefully in acquiring our insurance coverage cover to protect our investment in the project as well as receiving state approvals and also performed agreements to wage acquiring the [...] residential or commercial property," claimed chief executive officer Nicholas Campanella noted.

5 years earlier, Sun Pacific Holding announced the growth of a lightweight, non-glass solar photovoltaic (PV) panel suitable for installation on residential and business rooftops, in addition to in solar fields. In April 2022, an unit of the company authorized a deal that requires Indonesia-based PT IDN SOLAR TECH (IST) to give its technology as well as assistance develop a photovoltaic panel manufacturing facility in the United States.

At the time, IST had the capacity to produce 1 GW of solar panels and also 1 GW of solar cells. Under the terms of that bargain, it was to give supervising and also training services and supply solar cells for use at Sun Pacific Holding's intended center.

Sun Pacific Holding is a green power firm that mostly runs with its subsidiaries Sun Pacific Power Corp, which constructs photovoltaic panels and lighting products, and Sharp Outdoor Corp, which is energetic in road furniture exterior advertising and marketing.