As promised and scheduled in the last few months, World Global Network has defined and initiated all the required actions against Power Clouds Pte Ltd. and Power Clouds Inc. (now Alternus Energy Inc.). companies to establish a right, and proper exit agreement for the thousands of people part of our class action.
This process started in 2017 with the opening of the collection campaign, registering the participation of thousands of Power Clouds users. These people are exhausted of waiting for for the Power Clouds Companies and management to start concrete actions and have submitted their official request to receive proper refunds for their participation in the Power Clouds project. World Global Network has collected these requested and jointly has started legal action against the two companies. During the last few weeks, a first official request to freeze the two companies’ assets has been submitted to the authorities in the United States of America, where Power Clouds Inc. is based. We also served the complaint to Power Clouds Pte Ltd Singapore.
Following these actions Power Clouds Inc., aware of its obligations, immediately contacted our legal consultants, who are conducting a crucial phase of negotiation with the Power Clouds Companies’ Management to find a solution for the users’ and for WGN Company’s interests that can allow a fast and reasonable resolution to this long-pending request.
The next steps now, if no acceptable solutions surface from these important meetings, will be to escalate in full terms the legal proceedings against these entities in the appropriate legal channels to ensure that these two will finally be forced to repay the sacrifices and expectations of the thousands of people fully.
As World Global Network, we believed in the Power Clouds concept and took the first steps to start this exciting renewable energy project and together with thousands of participants from around the world, we look forward to a final resolution. This will bring new beginnings, for many that believed fully in this project, and continue to believe in the virtue of what it sought to achieve, for a brighter future and better world.
As previously announced, WOR(l)D Global Network will provide a full refund to all Power Clouds participants who purchased solar panels from WOR(l)D GN.
The official procedure to submit a refund request is now available.
Each participant can log in to his or her WOR(l)D GN backOffice — the same platform where the purchase took place — and access the page called “Refund Power Units”. More information about how to properly submit a refund request is available on this page.
Each request will be evaluated and verified. Soon after, a member of the WOR(l)D GN team will contact the participant who submitted the request.
Thank you for your patience.
WOR(l)D Global Network Executive Team
As PowerClouds have failed to adequately satisfy PowerClouds participant needs, WorldGN has decided to intervene to rectify the situation by providing a full refund to all panel purchasers.
The Power Clouds project began as an excellent concept and WorldGN was delighted to bring it to reality, with the help and support of WorldGN’s distribution network.
From the beginning, the objective was to create a process whereby a small, simple action by many people would make a large impact on the environmental wellbeing of our planet, and also would provide a return on the energy sold to the grid.
We created the opportunity that enabled anyone, anywhere to operate a solar panel in a central optimized location that maximized the environmental and economic benefits arising from the production of solar energy. Many people from all over the world took action and participated in this green revolution. With the help of these participants, Power Clouds installed 6.1MW solar park in Romania, started to construct 2.1MW solar park in Otaro, Japan and started negotiations to acquire other solar parks.
While the PowerClouds achievement is environmentally impressive, it did not meet all of the objectives of the PowerClouds participants. At the beginning, PowerClouds made payments to the participants but then the payments stopped. PowerClouds claim that the reason they ceased payment is a reduction in Green Cert payments from Romania. If this is the case, we believed that PowerClouds received sufficient payments from the grid to continue with at least partial payments.
In WorldGN’s opinion, PowerClouds ceased payments because:
- (i) there was a delay in completing the solar parks
- (ii) the solar parks in Romania and Japan ran over budget and
- (iii) the management’s execution of the project was inadequate.
All this time, WorldGN has been pushing PowerClouds to find a solution on behalf of the participants but no acceptable solution has been found. WorldGN believes that participants have waited long enough.
WorldGN has now decided to provide a full refund to all PowerClouds participants who purchased solar panels from WorldGN.
Please contact us at firstname.lastname@example.org to make your refund request.
We acknowledge the difficulties associated with the delays in payments. WorldGN wanted to allow PowerClouds sufficient time to resolve their situation but unfortunately, they have been unable to do so.
Consequently we feel obliged to provide a full refund because for us, it is important that we maintain our customer’s respect. We appreciate your support in this matter.
World Global Network Pte Ltd Executive Team