3Power Energy Group (PSPW) Enters $50M Agreement
Friday, 3Power Energy Group, formerly known as Prime Sun Power Inc, announced that it was entering into a financing and security agreement with CR&P Holding for a $50 million secured loan. The proceeds generated by the loan will be used to finance projects that 3Power is embarking on while covering a portion of operating expenses, among other costs. 3Power is a producer of sustainable energy technology and resources, developing solar, wind and hydro technology with the goal of providing green energy to utility companies and corporations on a global level. 3Power intends to open offices in London, North America, Latin…