Great news! The Genesis Solar Project, represented by Worldway Group, has celebrated the successful approval of the first batch of investor I-829 petitions! This signifies that the project documentation submitted to USCIS with the investors' I-829 applications has been recognized, and USCIS has also acknowledged that the jobs actually created by the project satisfy the removal of conditions for all investors. Other investors who have submitted their I-829 applications for the project will enter a fast-track approval process; in accordance with the principle of deference, as long as individual documentation meets the requirements, their I-829 applications will be approved shortly.
As a companion on the investors' immigration journey, Worldway Group congratulates the investors who have received their approvals, successfully obtaining their permanent green cards and realizing their American dream!
Since the California Solar Project power plant began operations and power generation, it has performed strongly, with development exceeding expectations. Previously, the top international rating, commentary, and research agency, Fitch Ratings, announced the rating results for the project's debt. Fitch affirmed the primary debt rating for the California Solar Project at "AAA" with a stable outlook. Furthermore, according to Fitch's calculations, the debt service coverage ratio for the California Solar Project in 2017 was a strong 2.84x. Due to higher-than-expected solar resource levels and high equipment utilization, the total power generation of the California Solar Project in 2017 exceeded Fitch's base capacity forecast by 7.6% and achieved a 9.3% increase in revenue over Fitch's base forecast. The power generation for the first quarter of 2018 exceeded Fitch's base budget expectations due to increased solar resources. The strong operations of the California Solar Project provide security for EB-5 repayment.
In addition, the EB-5 loan for the California Solar Project is guaranteed by NextEra Energy, Inc., the world's largest publicly traded wind and solar power company, providing a dual guarantee for EB-5 investment repayment. The parent company's stock price is stable, with a recent share price of $166.85 and a market capitalization of $79.61 billion.
The California Solar Project has lived up to the trust of its investors with robust operations that exceeded expectations. The good news of the first batch of investor I-829 approvals has further solidified the investors' choices and once again proves that Worldway Group and its EB-5 projects are worthy of every investor's trust and selection.
As one of the Top 500 Asian Brands and a leading investment immigration institution, 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.
In the current climate, investors can choose high-quality projects that have already been approved by USCIS, offer the potential to shorten visa backlogs, have completed all job creation, and provide first-priority repayment guarantees. Examples include the highly popular Worldway projects in the EB-5 market: the Manhattan 9 Luxury Boutique Hotel and Dallas 1. These projects possess multiple advantages, greatly safeguarding the interests of investors and helping them successfully immigrate to the United States.
Quotas for high-quality projects are limited. Those interested in immigrating to the United States should make their choices as soon as possible; good projects do not wait, and the opportunity for low-cost $500,000 immigration to the United States will not return once missed. Green card applications should be made early; please call us for consultation at 400-138-2929.