Business
Green Stream Holdings Division Set to Emerge as Leading Solar Utility Player
Green Stream Holdings Division Set to Emerge as Leading Solar Utility Player.
About this update from Green Stream Holdings Inc.
[{"type":"text","content":"Division Has a Series of MOUs in Place to Serve as Solar Utility in Key NY SuburbsDesign and Engineering Completed, On Track to Secure Project FinanceNY Community Shared Solar Offering Tailored for Multi-Unit Residential LivingMulti-Unit Resident Can Enjoy Major Energy Cost SavingsGSFI's Utility Model Represents Profitable 25-Year Revenue/Cash FlowMALIBU, CA / ACCESSWIRE / October 20, 2020 / Green Stream Holdings Inc. (OTC PINK:GSFI) (http://www.GreenRainSolar.com), an emerging leader in the solar utility and finance space, is pleased to announce that it is in varying stages of implementation of its Solar Utility Model in a number of key suburbs and targeted neighborhoods in New York. These initiatives include the signing of MOUs across the State along with the completion of design and engineering for one site related to its New York Community Solar project. The next phase is related to project finance and the build-out of its own system which could be concluded in the next 4-6 months. Once completed, the financial model enables multi-unit housing residents (condominiums and apartments) to finally participate in 15-25% monthly energy savings through membership in solar farms. In turn, GSFI's utility division is positioned to generate substantial revenue/cash flow for a period of 25 years, via the lease and sale of electricity (Solar Credits) to customers that are members and subscribers of the underlying farm.Major Financial Benefits to GSFI and ConsumersAccording to the U.S. Department of Energy, 50% of all electric customers are unable to benefit from reductions in energy costs through solar because they rent, don't get enough sunlight or roofs are unsuitable for the panels and equipment. By joining as a member of a solar farm, customers now buy solar power from remote solar projects (solar farms), which was previously prohibited. As a result, this large swath of customers can enjoy 15-25% monthly savings from high electricity cost for the first time. GSFI has identified this unique opportunity and is positioning itself as the key cog in the provision of such services to customers as a solar utility.GSFI buys the solar energy in KW hours produced by the solar farms which are recorded as credits. The customer subscribes to a percentage of the credits equivalent to the annual electricity they used. Importantly, the r...