Green Stream Holdings Secures Additional Locations for CubeSmart Community Solar Project Now totaling $9.9 million over the life of the project of 25 years
Pacific Palisades, California--(Newsfile Corp. - July 1, 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 two new Community Solar Project agreements (the "Agreement") with CubeSmart Self Storage of Hackensack, NJ ("CubeSmart"). The new locations are anticipated to produce an additional $6.6 million in revenues, that's in addition to the previously announce $3.9 million totaling $9.9 million for the entire project over a period of 25 years.
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The Agreement provides for the rooftop installation of a solar energy collection system at a number of CubeSmart facilities. Design and Permitting is anticipated to be concluded in the next few months, and the initial construction is expected to started by end of 2020.
"We are honored that CubeSmart would be so quick to expand the already existing Agreement we had negotiated and executed just last month," 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 CubeSmart facility whether we install the means to collect it or not. We believe this installation 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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