SNPW subsidiary Sun Pacific Power Corp has retained Invictus Risk Solutions to provide insurance coverage for $50 million in financing for its solar manufacturing plant

MANALAPAN, NJ, October 17, 2022 – Sun Pacific Holding Corp. (Other OTC: SNPW) announces that its wholly-owned subsidiary, Sun Pacific Power (“SPP”) has retained the services of Invictus Risk Solutions to evaluate the opportunity to provide an insurance package for a $50 million financing dollars from the planned solar manufacturing plant in the United States through Lloyds of London, London businesses and other support insurance markets. Funding begins at this time and underwriting analysis of the project will determine feasibility, testing and other market considerations.

Nicholas Campanella, CEO of Sun Pacific Holding Corp, said, “As part of our renewable energy platform, we are going through our underwriting, analysis and feasibility study. We have identified a property that will add great value to our platform to become a key solution in the solar industry while producing over 1GW of solar panels per year for our customers. This project is expected to make a significant contribution to the emerging solar industry in its growing market. »

Mr. Campanella further added, “We are excited to work with a strong team of advisors and underwriters who will provide our insurance coverage in cooperation with state officials. The state team provides access solid to a workforce and classifies our proposed property as a free zone designation.”

Paul Rowland, Senior Partner at Invictus Risk Solutions, said:

“I have been very impressed with Nick’s experience and strengths, as well as the detail and positivity of Sun Pacific’s business plan. As a result, I am confident we can find a way to provide service “best in class” and “best in market” and This will support the risk transfer structure that Sun Pacific’s business model and funding requires in the short term. In the long term, we hope to establish a friendship and partnership strategies with Nick and his panel of other valued advisors.

The purpose of our engagement is to offer a tailored suite of insurance products that ‘wrap around’ the proposed investment and project.

Our sole purpose is to protect all parties by advancing, among other things, customer account, construction, financial, liability, management, and operational elements to enhance and support the safety of the proposed project.

By offsetting the risk, we seek to stimulate the enthusiasm and positivity of the major backers proposed to commit.”

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 with quality service and facilities, striving for customer satisfaction and doing our part to protect the environment with smart green technology. For more information, visit www.sunpacificholding.com.