From October 19th to 27th, the only US investment immigration project with I-526 approval—the California Solar Power Project—will grandly arrive in the five major cities of Beijing, Shenzhen, Shanghai, Qingdao, and Guangzhou. With the absolute advantages of having already received I-526 approval, a surplus in job creation, and guaranteed repayment, this project is selling rapidly across the country. Worldway Immigration, leveraging its leadership in US investment immigration, has successfully become the chief agent for this project and is promoting it nationwide, committed to recommending relatively low-risk, stable projects to Chinese investors.
At that time, Worldway Immigration will specially invite Wesley Ahlgren, COO of the California government partner organization CVEP, Jim Soel, manager of the California Solar Power Project and a licensed SEC professional, and renowned attorney Austin Kim to explain the project in person and engage in in-depth discussions with attendees regarding US EB-5 investment immigration.
The Genesis Solar Project, once completed, will be the largest solar thermal power plant in the United States, with an installed capacity of 250MW. The project has signed a 25-year power purchase agreement with Pacific Gas and Electric Company (PG&E), the largest utility company in California and a company listed on the New York Stock Exchange, to sell 100% of its electricity at a fixed price, significantly reducing the project's potential financial or pricing risks. EB-5 investors' funds are provided to the project in the form of a loan through a limited partnership to construct the solar thermal power plant. The project is 100% wholly owned by NextEra Energy Inc., the largest renewable energy company in the United States and a company listed on the New York Stock Exchange, which has provided a corporate promissory note to guarantee the EB-5 loan, with credit ratings of A- from both Standard & Poor's and Fitch. Construction of the project began in November 2011 and is expected to be completed in May 2014.
The "Three Hurdles" of US EB-5 Investment Immigration Strongly Guaranteed
1, I-526 Hurdle
In August of this year, the project began receiving I-526 approvals, with 14 individuals having already been approved.
2, I-829 Hurdle
According to the employment report, the project will create a total of 3,934 indirect job opportunities, exceeding the 2,000 indirect job opportunities required for I-829, representing a job surplus of nearly double.
3, Capital Repayment Hurdle
a, The EB-5 investment proportion is small, accounting for only 8.2% of the total investment.
b, The EB-5 loan is fully guaranteed by the parent company, NextEra Energy, Inc., the largest solar power supplier in North America.
c, The borrower of the EB-5 loan is a subsidiary of a company listed on the New York Stock Exchange, with the parent company holding assets of $64.4 billion and a net income of over $1.9 billion in 2012. The credit ratings from Standard & Poor's and Fitch are A-.
Project Advantages
1, Strong Government Support
This project has been reviewed and approved by the US Department of Energy, the California Energy Commission, the California Public Utilities Commission, and the US Department of the Interior's Bureau of Land Management, and the US Department of Energy has provided a loan guarantee.
2, Cash Flow Guaranteed Repayment
Once completed, this project will be the largest solar power plant in the United States, with all products purchased by PG&E, California's largest utility company; the power purchase agreement has been approved by the state of California.
3, Supervision and Completion Guarantee
An independent third-party organization, CVEP, monitors the project to ensure it is completed and creates sufficient jobs.
4, Transparent Project Information
Information regarding the source of project investment funds can be found on the NextEra website and the US Securities and Exchange Commission (SEC) website.
5, Successful EB-5 Experience
The developer's first EB-5 project (FPL) has seen 100% of its 100 investors receive I-526 approval, and they have already begun receiving I-829 approvals.
6, Experienced in Capital Deployment
The project team is highly professional and experienced, having already completed all other financing portions outside of EB-5.
The California Solar Power Project has begun successfully receiving I-526 approvals. The US Citizenship and Immigration Services will no longer need to review the project, which means that the approval speed for investors will be even faster. As a leading institution in US investment immigration, Worldway Immigration has not had a single case of rejection due to discrepancies in personal or family documentation to date. Currently, this project is selling rapidly, but it is also nearing its conclusion with limited spots available. Worldway Immigration kindly reminds investors planning to immigrate to the United States in the near future to seize the final remaining spots and realize their American immigration dreams sooner. For registration, please call the hotline at 400-138-2929. For details, please see the event announcements on the Worldway website http://www.worldwayhk.com/news/gdyg/
