Mass Megawatt licensee announces $10M wind power contract

Mass Megawatts Wind Power, Inc. (MMGW) reported that a licensee, Electric City Wind Power Corporation, has signed a $10,800,000 agreement with Penobscot Mountain Wind, LLC, a wind power energy development group focused on distributed energy projects in Northeastern Pennsylvania.

The sales agreement between Electric City Wind Power and Penobscot Mountain Wind entails the manufacture and installation of a total of 6 MW of the Multi-Axis Turbo System vertical wind power generation equipment, which Electric City produces under a licensing agreement with Mass Megawatts. Under the terms of the agreement, Penobscot Mountain Wind has the right to apportion its 6 MW equipment purchase into a number of individual projects, with a minimum nameplate capacity of any given project being 500 kW.

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