Malibu, California, January 14, 2020 – – Green Stream Holdings Inc. (OTC PINK: GSFI) (“the Company”)(“Green Stream”) (http://www.GreenRainSolar.com), an emerging leader in the solar utility and finance space, announces today that it has officially relocated headquarters to its flagship project site 160 Imlay Street in Brooklyn, NY.
Red Hook 160 LLC Imlay Street Property $GSFI
160 Imlay Street is a work/live property venture with Red Hook 160 LLC, a privately‐owned residential developer and owner of a portfolio of residential apartment buildings in New York City.
GSFI CEO Eric Fain states, “160 Imlay Street is part of a recent residential wave that has included new rental buildings and classic townhouses alike. The Red Hook/Atlantic Basin ferry stop is a powerful draw and one that will continue to attract new residents. We are thrilled to be working on this property and are in discussions with Red Hook to expand initiatives across their portfolio of properties.”
$GSFI 160 Imlay Street Project Aerial View
Green Stream’s initiatives for 160 Imlay include implementation of a rooftop photovoltaic system providing at a minimum of 300- 450 Kw of electric Photo Voltic Power, utilizing approximately 1000-1440 panels, on approximately 22,000 square foot space on the property. Green Stream Holdings, together with Morali Architects as their joint venture partner in this project, will design, erect, construct and install or retrofit the property, increasing its value and reducing the property’s carbon footprint all the while.
$GSFI Photovoltaic Rooftop
All 70 condos at Green Stream’s 160 Imlay Street Project feature open layouts, wide plank oak flooring, double-glazed windows, beautiful Manhattan skyline views, custom oversized European doors, and beamed concrete ceilings at soaring heights. Custom Bulthaup kitchens are outfitted with white matte cabinetry and Miele appliances. Baths have Italian stone walls, contemporary fixtures, and backlit mirrors. Select units have private balconies, and an extraordinary triplex penthouse comes with 1,270 square feet of private outdoor space. All residents can enjoy such amenities as a landscaped roof deck, fitness center, steam rooms and saunas, and storage.
$GSFI 160 IMLAY STREET IN BROOKLYN NEW YORK
$GSFI 160 IMLAY STREET IN BROOKLYN NEW YORK
Fain continues, “”The Company’s initiatives have us well positioned to becoming an industry leader in the renewable energy utility space. The opportunity in New York is ideal because NY communities offer cash upfront, in addition to above average rates, nationally. This is the perfect place to kickoff toward nationwide expansion of our model, which equates to millions of dollars in annual revenues with long-term contractual commitments (~25 years on average).”
“Also, restrictions on outside construction have been lifted in New York and surrounding areas. Permits are underway and we will begin construction immediately on key solar utility projects including:
- 160 Imlay street. Brooklyn Ny
- 8012 Tonelle Ave; North Bergen, NJ
- 44 Victory Blvd; Staten Island, NY
- 111 Station Road; Bellport, NY
- 15-17 Sherwood Ave – Yonkers Proposal
- 4290 Austin Blvd; Island Park, NY
This is all in line with NY Governor Cuomo’s recent announcement of a clean energy initiative which unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects across upstate New York, totaling 1,278 megawatts of new renewable capacity,” states Fain.
These projects, which New York Energy Research and Development Authority and other State and local agencies will ensure are sited and developed responsibly, will spur over $2.5 billion in direct, private investments toward their development, construction and operation and create over 2,000 short-term and long-term jobs.
“New York continues to be a leader in developing large-scale renewable energy projects in a way that brings significant economic benefits and jobs to the state,” Governor Cuomo said. “With these projects we will build on our aggressive strategy to combat climate change and lay a foundation for a more sustainable future for all New Yorkers.”
Shareholders—visit greenrainsolar.com. where you can view Green Stream’s news, filings and even a live Level 2 stream, along with other company information.
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, 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.
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.
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