More good news for Worldway Group's U.S. EB-5 investment immigration projects! We have recently learned from the project developers that the California Solar EB-5 project, represented by Worldway Group, is performing strongly with development exceeding expectations.
Recently, the top-tier rating, commentary, and research agency, Fitch Ratings, completed its rating assessment for the $702 million debt ($402.04 million in outstanding debt) of the Genesis Solar Project.
—— $561.6 million, Series A trust certificate financing, 3.875% interest (guaranteed by U.S. sovereign government agency loans), maturing in 2038, rated "AAA" with a stable outlook;
—— $140.4 million, Series B trust security financing, 5.125% interest (no loan guarantee), maturing in 2038, rated "BBB+" with a negative watch outlook;
The Debt Service Coverage Ratio (DSCR, the ratio of funds available for debt service to the amount of debt service due in a given period) for the California Solar Project in 2017, as calculated by Fitch, was a strong 2.84x. Due to higher-than-expected solar resource levels and high equipment utilization, the California Solar Project achieved a 9.3% increase in revenue over Fitch's base-case forecast.
The project's 2017 operational performance was also strong, with total power generation exceeding Fitch's base-case production forecast by 7.6%, with no major equipment failures. The project's power generation in the first quarter of 2018 exceeded Fitch's base-case budget expectations due to increased solar resources.
For the full Fitch Ratings report, please refer to the webpage:https://www.fitchratings.com/site/pr/10032649
The California Solar Project EB-5 loan is guaranteed by NextEra Energy, Inc., the world's largest publicly traded wind and solar power company. Currently, the parent company's stock price is $170.31 per share, with a market capitalization of $80.29 billion, indicating significant potential for appreciation.
The news that the California Solar Project is operating steadily and exceeding expectations has further solidified investors' choices and once again proves that Worldway Group and its EB-5 projects are worthy of every investor's trust and selection.
As a leading institution in investment immigration, Worldway Group has been deeply involved in U.S. investment immigration for 21 years. We always prioritize the interests of our investors and, with our consistent forward-looking vision, select high-quality EB-5 projects to help investors successfully realize their immigration dreams.
For investors interested in immigrating to the United States, choosing high-quality projects from a reputable immigration firm is the shortcut to successfully processing an EB-5 application. Experts at Worldway Group remind you: now is the optimal time to apply for U.S. EB-5 investment immigration.
You can choose high-quality projects that have already been approved by the USCIS, offer the potential to shorten waiting periods, have completed all job creation requirements, and provide first-priority repayment guarantees. Examples include Worldway Group's highly popular projects in the EB-5 market: the 9th Avenue Manhattan Luxury Boutique Hotel and Dallas No. 1. These projects possess unique and unparalleled advantages, greatly safeguarding the interests of investors and helping them successfully immigrate to the United States.
High-quality project quotas are limited. Those interested in immigrating to the United States should make their selection as soon as possible; good projects do not wait. Once the "last train" for $500,000 low-cost U.S. immigration is missed, it will not come again. For more details, please call: 400-138-2929.