Green Stream Holdings Announces $7.8 Million in Secured Contracts for Community Solar Projects
Pacific Palisades, California--(Newsfile Corp. - June 24, 2020) - Green Stream Holdings Inc. (OTC PINK: GSFI) ("Green Stream", "GSFI", or the "Company"), an emerging leader in the democratization of solar energy through innovative solar energy generation facilities and designs, is excited to announce that the Company has secured a total of $7.8 million in contracts for the Community Solar model recently rolled out. The Projects are primarily located in the Northeast.
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The Solar Energy Industries Association (SEIA) recently published a report detailing the installed solar capacity in the US. As of Q1 2020, the US has reached 81.4 GW of total installed capacity. (https://www.seia.org/us-solar-market-insight ) Enough to power almost 16 million homes in the US, but that's not even 10% of total homes according to recent Statista figures, leaving a huge unfilled market.
These contracts represent Annual revenue in excess of $300,000.00 and monthly clear cash flow of $26,000.00. These projects represent secured contracts from the last six months of sales efforts. The Company notes, the sales Pipeline is extensive, but the Company is unable to disclose project size or scope at this point, and only reports when the Contracts are fully executed. The Community Solar Project Model has become popular as ultimately in this business climate it's a win-win for all parties. The Company pays the landowner rent, then provides off grid electricity to the local community, thus, cutting the Carbon footprint and of course the Company monetizes all this through the sale of Solar Electricity. The Company notes, Duke Energy, DUK/NYSE a leader in the Community Solar space, recently announced it will be covering one million square feet of rooftops through-out NYC in conjunction with the NJ Community Solar Energy Pilot Program. Further validating the Company's Community Model.
"We are extremely happy with the speed and efficiency in-which these projects came together," stated Madeline Cammarata, President of Green Stream Holdings. "The community solar model is a proven path to private sector implementation of renewable energy infrastructure. Energy from the Sun will hit the Community whether we install the means to collect it or not. We believe these build-outs will represent an effective demonstration of how our model can make better use of that resource, and we look forward to ongoing and future discussions with proprietors of many similar facilities over the near term as Green Stream continues to expand our Community Solar footprint."
About Green Stream Finance, Inc.:
Green Stream Finance, Inc., a Wyoming-based corporation with satellite offices in Malibu, CA and New York, NY, is focused on exploiting currently unmet markets in the solar energy space, and is currently licensed in California, Nevada, Arizona, Washington, New York, New Jersey, Massachusetts, New Mexico, Colorado, Hawaii, and Canada. The Company's next-generation solar greenhouses constructed and managed by Green Rain Solar, LLC, a Nevada-based division, utilize proprietary greenhouse technology and trademarked design developed by world-renowned architect Mr. Antony Morali. The Company is currently targeting high-growth solar market segments for its advanced solar greenhouse and advanced solar battery products. The Company has a growing footprint in the significantly underserved solar market in New York City where it is targeting 50,000 to 100,000 square feet of rooftop space for the installation of its solar panels. Green Stream is looking to forge key partnership with major investment groups in order to capitalize on a variety of unique investment opportunities in the commercial solar energy markets. The Company is dedicated to becoming a major player in this critical space. Through its innovative solar product offerings and industry partnerships, the Company is well-positioned to become a significant player in the solar space.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Green Stream Finance, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Green Stream Finance, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
Green Stream Finance Inc. & Green Rain Solar, LLC
16620 Marquez Avenue
Pacific Palisades, CA 90272
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