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Electric City Wind Power Corp., a Scranton, Pa.-based licensee to Mass Megawatts Wind Power Inc. of Worcester has agreed to purchase $5.8 million in Mass Megawatts power plants.
According to Mass Megawatts, the two companies have signed a letter of understanding for the transaction. Mass Megawatts is a shareholder in Electric City and receives royalties on its revenue.
The agreement calls for the installation of three Mass Megawatts wind power systems in Northeastern Pennsylvania. The projects will generate between 500 kilowatts and 1 megawatt of electricity.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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