Sep 15, 2021 (WallStreetPR via Comtex) — The solar industry remains one of the fastest-growing secular trends in play for long-term investors as well as swing traders looking for high-beta areas of the market for well-timed speculation.
Recent data from Our World in Data and BP shows that total global solar installations have soared over the past two decades, growing from 0.65 gigawatts in 2000 to 708 gigawatts in 2020, which is enough to power the majority of homes in the US. In other words, the industry has arrived at a point where it is already viable as a prime competitor with carbon-based energy sources.
The future is now.
This has major implications for investment plans looking out over coming years. We take a look at a few of the more interesting plays in the solar space below, with a focus on recent catalysts.
Green Stream Holdings Inc (OTC US:GSFI) is a smaller name that’s just starting to get traction with a growing list of potentially major projects in the community solar space. The stock has been left behind in the solar growth trend because the company got behind in its financial filings during the pandemic, which is not unheard of for smaller companies.
However, the company has recently gotten current and continues to push out very interesting announcements as it makes strides toward building its vision.
Green Stream Holdings Inc (OTC US:GSFI) most recently announced that it has engaged KMB Design Group, a nationally known full service engineering solutions provider, to assist with installations of ground-mount solar farms in the State of New York. The interconnection applications are for Cornish Hill Road, Cooperstown, NY and Hadley, S Shore Road, Corinth, NY.
CEO James DiPrima said: “An Interconnection Agreement is a contract with a utility for distributed generated systems, including solar photovoltaics. The agreement is a written notice to a utility company of plans to construct, install and operate any system which will be connected to the grid and must be submitted prior to the start of construction. After the utility receives the required documentation, the application is reviewed for approval. Management is excited to enter this stage of operations, as it can be an important step in our efforts to continue to increase shareholder value.”
According to the company’s release, the Cornish Photovoltaic system will consist of approximately 15,600 panels anticipated to produce 7.4kW of direct current to sequential inverters for participation/partnership with a registered New York State Community Solar provider at 312 Cornish Hill Road, Cooperstown, NY 13326. The Hadley project shall consist of the installation of 4,980 kWdc / 7,020 kWac of Photovoltaic modules installed on a ground mount racking system at Hadley – PV Installations, S Shore Road, Corinth, NY 12822.
Green Stream Holdings Inc (OTC US:GSFI) also noted that the projects will be interconnected directly with the utility at one point of interconnection with a new service feeder from the utility substation. The scope of work will include Interconnection Drawings, electrical permit/construction drawings, and support through the construction phase.