We are exemplar approved by USCIS. OM Power 1 LLC holds geothermal leases on private property near Klamath Falls, Oregon.
Investor's application will be exempted for verifying our project details which will help avoid RFEs with better approval chances.
Our project, a Geothermal Power Plant; 95% efficient unlike Solar & Wind power. It is renewable energy which doesn't burn fossil fuel and free of pollution.
We have highly profitable PPA (Power Purchase Agreement). Marketing already being done. Healthy profits help returning investors money easy. Unlike real estate our project is recession resilient
As a Green Energy Project, we have excellent Federal and State incentives such as Tax credits, abatement of Property Tax and 100% Depreciation in First Year etc.
USCIS has accepted that our project will create 500+ jobs. We just need 300 jobs for 30 investors; reassuring the success in removing conditions on Greencard.
To be a TEA, a project has to be either in rural area or with more than 150% national unemployment rate. We fulfil both the above.
A UNIQUE OPPORTUNITY
The EB-5 employment creation program is one of the fastest and most reliable ways for a person to obtain permanent resident status in the United States. With relaxed eligibility qualifications and a special annual reserve of 10,000 visas, the EB-5 program opens the door to permanent resident status. This is for families, retirees, entrepreneurs, students, business owners, professionals, and more.
Any member of the family with a “green card” can enter the U.S. at any time and stay as long as he or she wishes without the need of a visa.
Whole family gets concessional medication, social security and other benefits as every other United States resident.
Investment with 3% interest will be returned immediately after Greencard conditions are removed. This is 3 years earlier then other projects.
Lower Tution Cost for all child at school, college, University and Educational Institution anywhere in the USA compared to other foreign students.
The U.S. is a safe harbor for your family as well as your personal and business investments.
Investors may work, live, or own their own proprietary businesses anywhere in the United States. Students may work in the U.S. while they attend college and then continue to work afterwards
The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP.
The United States has a GDP of USD 21.3 trillion, which is more than Japan, UK, France, Brazil combined. It accounts for nearly a quarter of the world’s GDP.
The cost of living in the U.S. is less than most developed countries. Consumer goods, services, and housing are significantly less expensive than comparable services and goods in most other industrial countries.
The EB-5 Visa process starts with identification of good project. An investor selects American Renewable Energy Investments Regional Centre (AREIRC) as their preferred regional center.
Investor places their funds in an escrow. After that, EB-5 investor is eligible to submit their I-526 Application for Investor Visa Status to the USCIS.
Under the regulations, an investor who is approved for the EB-5 immigrant visa receives a “conditional” green card for all family members.
I-829 petition to remove condition on Greencard at end of 2 years.
Your investment of USD 500K will be returned with 3% interest immediately after the conditions are removed. This is 3 years earlier then other projects. Further after 5 years of obtaining the green card you are eligible to apply for U.S. citizenship.
Your EB-5 investment funds will be deposited into an escrow account. AREIRC places these funds into AREI OM LP, a limited partnership which lends money to OM Power that will complete and operate a geothermal electricity generating plant in southern Oregon, (U.S.A.).
OM Power 1 LLC holds geothermal leases on private property near Klamath Falls, Oregon (42 deg 10’30” N ~ 121 deg 37’5″ W) and has already obtained the required drilling permits, environmental permits, access permits and use permits. The electricity which will be generated has already been contracted in a Power Purchase Agreement, (PPA) with PacifiCorp Power Company in Oregon for 15 years.
It is widely recognized that the United States must reduce its dependence on oil and other fossil fuels. Hydro-power depends on the flow of rivers; wind turbines depend on the movement of air; and solar depends on the availability of clear sunlight. Geothermal, although somewhat more expensive to locate and develop, is a reliable 24 hour per day 7 day per week electricity producer. Corporations have increased their purchases of green energy 25-fold since 2001. More and more states, including Oregon, are requiring utilities that provide electricity within their borders to buy more green (renewable) electricity.
Three wells are planned for the operation. Two wells provide hot brine for the turbine which turns the generator to generate electricity. The third well will be used to re-inject the brine back into the earth. A power plant has been designed and the location determined to transform the heat in the geothermal brine into electricity. The facility will be located in the immediate proximity of existing PacifiCorp electrical lines which have sufficient capacity to receive the electricity; a connection substation has also been designed and approved.
One well has been drilled to 3,775 feet and provides ample evidence of the existence of geothermal energy. This well must be completed to a depth of up to 4,500 feet and flow tests will be completed. There are other geothermal projects underway in the general vicinity and the area has long been recognized as being geothermally active; Klamath Falls has been using geothermal heat for heating the city since before 1900. The funds loaned to OM Power will be used for drilling the remaining two wells and toward power plant construction. A 30-day test operation will be conducted prior to going on-line permanently.