NEW YORK, NY, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company") (https://greensolarutility.com) an emerging leader in the solar utility and finance space, announced that its All Faiths Cemetery Solar Facility Project has been approved by The New York City (NYC) Department of Buildings for compliance with all applicable zoning and construction regulations.
The multi-million-dollar deal is being financed by Green Stream Holdings, Inc. to cover equipment and installation costs.
CEO James DiPrima said: “The All Faiths Cemetery Project has cleared first phase towards completion of a 3.3 Mega Watt Solar Facility in All Faiths Cemetery, Middle Village Queens NY. We are evaluating 2 back of house areas: Area1. The greenhouse maintenance area covering 52,000 sq ft; and Area2 the Dumping Ground, covering 120,000 sq ft.”
The system, which will be approximately 14 ft above grade, will allow for cemetery operations to coexist. It will provide renewable energy via the NYS Community Solar Program. An additional approval by the New York State Board of Directors is required upon which a Con Edison Interconnect Agreement will be applied for. All Faiths Cemetery is in process of finalizing a lease Agreement, which will provide funds to maintain the Cemetery.
According to our current plans, we project to have completed the facility by Sept 1, 2022.
This is wonderful news for shareholders and partners.
The Company previously entered into a contract with Amergy Solar Inc. to provide funds to cover Equipment and Installation Costs for the 7,400kw ground mounted Solar Photovoltaic System Installation for a Solar Farm at 4777 Dewey Ave, Greece, NY 14612.
About Green Stream Finance, Inc.
Green Stream Finance, Inc., a solar utility and finance company 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, brokers, and private investors 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.
Forward-Looking Statements:
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.
For All Inquiries Contact:
+1 (424) 280-4096
president@greenstreamfinance.com
Website: greensolarutility.com
Phone number: (646) 669-7007
SOURCE: Green Stream Holdings Inc.
