On October 26, the highly anticipated seminar for the California Solar Power Project—the only U.S. investment immigration project with I-526 approval—was grandly held at the Worldway Beijing Company Club. Mr. Jim Seol, manager of the California Solar Power Project and an SEC-licensed professional, along with renowned attorney Mr. Austin Kim, attended the meeting as guests.
California Solar Power Project manager and SEC-licensed professional provides an in-person presentation
Mr. Jim Seol introduced the project's security by addressing three common investor concerns: whether the I-526 can be approved and a temporary green card successfully obtained; whether the I-829 can be passed and a permanent green card obtained; and whether the investor's capital can be returned on time.
He first introduced that 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. NextEra Energy is a leading U.S. company in wind and solar power generation, with over 99% of its electricity derived from clean and renewable energy sources such as natural gas, nuclear, wind, hydro, and solar. As a major wholesale electricity provider, NextEra Energy operates numerous power plants and supplies electricity to utilities, retail electricity providers, electric cooperatives, municipal power suppliers, and large industrial enterprises. As of March 1 of this year, NextEra Energy's assets included over 125 projects across 24 U.S. states and Canada.
Mr. Jim Seol emphasized that all investor questions regarding the project will be supported by relevant documentation, and all documents are valid records issued by state governments, the U.S. government, and NextEra Energy. He also introduced the company's first EB-5 project in North America: the 2010 wind energy project in the county. This project was completed in 2011, and all 100 investors passed the I-526 approval and received immigrant visas to successfully immigrate to the United States, fully demonstrating the project company's strong strength and successful background.
Investors at the scene showed strong interest in the project
Once completed, the California Solar Power Project will become the largest power company in the United States, with the U.S. Department of Energy providing a $682 million loan guarantee for the project. According to the signed 25-year power purchase agreement, all electricity generated by the project will be sold to PG&E (Pacific Gas and Electric Company), which will create 3,934 indirect jobs, while only 2,000 indirect jobs are required to obtain a permanent green card.
To date, 15 people have already received I-526 approval for this project, which means that for investors, the approval speed and success rate will be significantly increased. Mr. Jim Seol explained that the U.S. Citizenship and Immigration Services (USCIS) mainly reviews three parts: first, whether the project is authentic and reliable; second, whether the employment report is valid; and third, whether the investor's investment capital is legal. Once the I-526 is approved, the immigration bureau will not re-examine the project, but will only review the source of funds, which means that the approval speed for investors will be even faster.
Subsequently, senior consultants from Worldway provided detailed answers to questions raised by clients regarding the project's capital structure, repayment issues, and the removal of conditions for the I-829. Investors showed strong interest in the project. Clients signed contracts on-site, and some paid deposits to secure their spots.
