Green Stream Holdings, Inc. Announces Its Innovative Solar Canopy Designed By Morali Architects and Amergy Solar Inc., and Financed By Green Stream Holdings

Rhea-AI Summary

Green Stream Holdings Inc. (GSFI) announced that its All Faiths Cemetery Solar Project has received approval from the NYC Department of Buildings for compliance with zoning and construction regulations. This project, aiming for a 3.3 Mega Watt solar facility, has cleared its first completion phase. The company is also evaluating two maintenance areas for operations. Financing is secured for equipment and installation costs, with a projected completion date of September 1, 2022.

Positive

• Approval received for All Faiths Cemetery Solar Project from NYC Department of Buildings.
• Financing secured for equipment and installation of the solar facility.
• Projected completion date for the facility is September 1, 2022.

Negative

• None.

New Canopies have been approved by NYC Department of Buildings for Compliance with Zoning and Construction

All Faiths Cemetery Solar Project Clears First Phase Towards Completion Of A 3.3 Mega Watt Solar Facility in Middle Village, Queens NY.

All Faiths Cemetery Is Evaluating 2 Back Of House Areas: Area1: The Greenhouse Maintenance 52,000 Sq Ft; Area2: The Dumping Ground 120,000 Sq Ft

NEW YORK, NY / ACCESSWIRE / December 15, 2021 / Green Stream Holdings Inc. (OTC PINK:GSFI) ("the Company") (greensolarutility.com), an emerging leader in the solar utility and finance space, today 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.

Solar Panels (photo credit greensolarutility.com)

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 efficiently developing supplemental utilities in unmet markets using solar energy, 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. Anthony 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 and New York State. It is targeting 1,000,000 square feet of rooftop space for solar panel installation, open areas for solar canopies, solar farms, etc. 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.

View source version on accesswire.com:
https://www.accesswire.com/677715/Green-Stream-Holdings-Inc-Announces-Its-Innovative-Solar-Canopy-Designed-By-Morali-Architects-and-Amergy-Solar-Inc-and-Financed-By-Green-Stream-Holdings

FAQ

What is the status of the All Faiths Cemetery Solar Project by GSFI?

The All Faiths Cemetery Solar Project has received approval from the NYC Department of Buildings and has cleared the first phase towards completion of a 3.3 Mega Watt solar facility.

When is the expected completion date for GSFI's solar facility?

The facility is projected to be completed by September 1, 2022.

Who is financing the All Faiths Cemetery Solar Project?

Green Stream Holdings Inc. is financing the project to cover equipment and installation costs.