In the first nine months of 2013, Worldway achieved impressive results with the approval of ten successful applicants for United States EB-5 projects, once again demonstrating its philosophy and capability in selecting American investment immigration projects. In October, Worldway launched a new quality EB-5 project: the California Solar Power Project, and successfully became the chief agent in China for this project.
The California Solar Power Project is operated by the largest renewable energy company in the United States. Once completed, it 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 purchasing agreement with the largest utility company in California, the New York Stock Exchange-listed Pacific Gas and Electric Company (PG&E), to sell 100% of its electricity to PG&E at a fixed price, significantly reducing the potential financial or pricing risks associated with the project. The funds from EB-5 investors will be loaned to the project through a limited partnership to construct the solar thermal power plant.
Strong Guarantees for EB-5 Investment Immigration through Three Stages
1. Stage 526: The California Solar Power Project has obtained I-526 approval. The project's I-526 was approved starting in August of this year, with 14 individuals already receiving approval.
2. Stage 829: The project is expected to be completed in May 2014. The indirect employment generated by construction costs has already met the employment requirement for I-829. (According to employment reports, the project will cumulatively create 3,934 indirect job opportunities, while only 2,000 indirect job opportunities are required, with a surplus of nearly one times the requirement.)
3. Fund Return Stage: The EB-5 investment proportion is small, accounting for only 8.2% of the total investment. The EB-5 loan is fully guaranteed by NextEra Energy, Inc., the parent company of North America’s largest solar electricity supplier. The borrower of the EB-5 loan is a subsidiary of a New York Stock Exchange-listed company, with parent company assets reaching $64.4 billion and a net income exceeding $1.9 billion in 2012. The credit ratings from Standard & Poor’s and Fitch are A-.
The successful approval of I-526 is the first step for investors to obtain a U.S. green card. The California Solar Power Project has successfully obtained I-526 approval, and the immigration authority will no longer review the project, meaning that the approval process for investors will be expedited. As a leading agency in U.S. investment immigration, Worldway has not had any cases rejected due to discrepancies in personal and family information to date, and has created a record of I-526 approval in as little as 11 days.
Adhering to the service philosophy of prioritizing investors' interests by selecting projects and providing more detailed project references, Worldway has conducted a rigorous evaluation of the California Solar Power Project’s strength, experience, feasibility, and execution capabilities. It believes this will be one of the few stable projects available in the market. The successful approval of I-526 will greatly ensure that investors obtain permanent green cards and quickly realize their immigration dreams to the United States. The California Solar Power Project is of high quality and rarity, with limited slots available and is currently hot in demand! Please stay tuned for upcoming briefings from Worldway or call the toll-free consultation hotline at 400-138-2929.