The distributed energy projects are based on localized energy production and distribution. The sales agreement between Electric City Wind Power and Penobscot Mountain Wind entails the manufacture and installation of a total of 6MW 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 6MW equipment purchase into a number of individual projects, with a minimum nameplate capacity of any given project being 500kW.
Mark Puffenberger, managing director and managing partner of Penobscot Mountain Wind, said: “Although we negotiated the right to have Electric City install projects for Penobscot below a MW in size, we’re already well into discussions with counter parties for power purchase agreements where the requirements are 2MW or greater.
“The reality is that we expect to have the 6 megawatts of capacity committed to projects very shortly, and Penobscot Mountain Wind is already back at the table with Electric City Wind Power to work out terms on a second equipment and installation purchase agreement. We’re focusing our efforts on the 1 to 2MW customers which fit well with the Mass Megawatts Multi-Axis Turbo System technology.”
