Solar Installation Outlook Expands.
The U.S. solar energy industry lifted its installation outlook for this year and beyond thanks to the robust demand for large-scale projects by utilities buying the clean energy source for its low cost.
In the latest reports first quarter of 2019, the United States installed 2.7 GW of solar, up 10 percent from a year ago. Solar accounted for more than half of all new energy capacity additions during the quarter.
The residential solar market rose 5 percent during the quarter to 600 megawatts. Utility-scale installations were 1.6 GW, while non-residential systems reached 438 MW.
As Solar Installation Outlook Expands the industry lifted its five-year outlook by 5.1 GW, or about 9 percent, mostly due to new procurement by utilities. Utilities, therefore, are buying solar because it is cheap compared with fossil fuel alternatives like natural gas and coal.
Green Stream Holdings Inc. (OTC: GSFI) 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 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.
Green Stream Holdings Inc. (OTC: GSFI) 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 partnerships with major investment groups to capitalize on a variety of unique investment opportunities in the commercial solar energy markets.
The Company is dedicated to becoming a significant 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.
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Phone: 310-230-0240
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