Green Stream Holdings, Inc. Management Confirms It is On The Right Path By Focusing On The Increasingly Popular Sub-Markets In the Solar Power Industry: Solar Farms and Solar Arrays
Green Stream Holdings Inc. (GSFI) is advancing its solar energy initiatives, announcing a major project for a 7,400kW ground-mounted solar PV farm in Greece, NY. The company has partnered with Amergy Solar Inc. for a contract worth $24 million to cover equipment and installation costs. Engaging EnSol, a renowned engineering firm, GSFI aims to streamline permitting and construction. CEO James DiPrima emphasizes that focusing on community solar and rapid deployment will position the company favorably in the growing renewable energy market.
- Contract with Amergy Solar Inc. for $24 million in equipment and installation.
- Installation of a 7,400kW solar PV system expected to contribute positively to revenue.
- Partnership with EnSol for construction, enhancing project viability.
- Focus on community solar initiatives aligns with investor interests.
- Reliance on external contractors may introduce project delays.
- Potential risks associated with permitting and construction processes.
• Company is In Midst of Permitting, Design and Construction For Multi Mega Solar Farms Including A 7,400kW Ground Mounted Solar PV System Solar Farm In Greece, NY • Company Signed Deal With Amergy Solar Inc. To Provide
NEW YORK, NY, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Green Stream Holdings Inc. (OTC PINK: GSFI) ("the Company") (https://greensolarutility.com), an emerging leader in the solar utility and finance space, recently announced that it has engaged EnSol, a nationally known a full service engineering and environmental solutions provider with extensive international expertise in the solar renewable energy field providing photovoltaic design and engineering services, to assist the Company in installing 7,400kW ground-mount PV solar farm in 4777 Dewey Ave, Greece, NY 14612.
CEO James DiPrima said: “Among the many paths that are available in the solar industry, the Company has chosen the paths that are one of the quickest in getting to market. Also, recent articles have also said that these sub-markets of Solar Farms & Solar Arrays, are the ones that are interesting to investors. The article, The upstate land grab behind the solar boom”1 discussed the growing markets in New York, saying: “Investors and developers are pouring money into long-term leases on farmland to build massive solar arrays”.
The article continued: “Welcome to the weird world of agrivoltaics. It’s an increasingly popular practice that mingles sheep, bees and even some crops amid rows of photovoltaic panels. As solar energy moves to the forefront from the fringe, co-location is one way solar developers, eager for land, are negotiating truces with upstate farmers whose fields have become hot properties."
Even among solar developers who don’t fancy sheep grazing through their multimillion-dollar investments, farmland is in high demand. Flat, cleared plains, rich soil and proximity to power stations mean they offer many of the same qualities that make good solar farms.
Dictionaries may not recognize agrivoltaic, a word coined a decade ago to describe techniques first used in the early 1980s. Yet it’s a buzzword for a new crop of developers and investors amid an influx of funding from federal and private sources as the nation races toward ambitious goals for renewable energy.
The developers themselves vary widely. Some work on utility-scale projects that span thousands of acres across several towns. Others tap into local subscriptions to build smaller, “community-solar” arrays that feed directly into local distribution grids.
One constant: landowners, often farmers, who are under pressure to find a new, consistent stream of income to keep their operations alive in the 21st century. Even before the pandemic, farmers battled stiff global competition and falling prices for key crops like soybeans and corn. Farmer debt and loan delinquency reached new heights and a trade war forced many to rely on federal assistance to survive…
DiPrima continued: “As we have previously announced, we have been focusing on those exact markets and on a large number of the smaller, fastest to market “Community Solar” arrays and farms. We feel we are in the right place at the right time.”
EnSol Inc. is an environmental firm with versatility and agility which specializes in permitting, design and construction for waste & material management and renewable energy facilities. EnSol, Inc. is a locally-owned engineering firm of approximately 30 employees located near majestic Niagara Falls, USA. EnSol's team comprises of P.E.s, PG.s and a P.L.S., engineers, geologists, surveyors and technicians all working together to bring efficient and creative solutions to our clients. We do this by leveraging decades of experience and using the agility of a small firm. We maintain P.E. registrations in New York, Pennsylvania, Connecticut, Massachusetts, Florida, Ohio, Virginia, Texas and Tennessee.
EnSol will also provide Civil & Environmental Engineering, Construction CQA, Land Surveying, sUAS Aerial Imaging and Project Management for the project. For more information, go to: https://oliveridleypaints.wixsite.com/ensolinc
The Company previously entered into a contract with Amergy Solar Inc.to provide
[1] https://therealdeal.com/tristate/2021/11/29/the-upstate-land-grab-behind-the-solar-power-boom/
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.
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