WORCESTER, MA. -- May 15, 2015 -- InvestorsHub NewsWire --
Mass Megawatts Wind Power, Inc. (OTCQB:MMMW)
today announced that the company is developing two community solar
projects in Massachusetts with independent investments
group raising funds who are familiar with the regulations
related to Crowdfunding and Regulation A+. Mass Megawatts
would develop and maintain the community solar power systems and
the investors would receive the low-cost energy that’s produced
over the life of the system. The crowdfunding investors could use
the electricity themselves or sell the electricity to other
electric users. The new rules and regulations available in the near
future will make equity crowdfunding available to the investors of
the community solar projects. Crowdfunding in the past had been
used to raise funds for charitable donations in a similar manner of
engaging an audience to market products. The generated solar-power
is projected to be 10 to 20% below current utility prices.
There are many advantages realized with a community solar
project, also known as a solar farm or solar garden. This
includes providing a cost-effective way for residents and
commercial electric users, who do not have a suitable location for
solar power generation, to invest in solar energy. Investors
also do not need to be concerned with installation, zoning issues,
or maintenance concerns, as this is fully managed by Mass
Megawatts.
Recently, Mass Megawatts announced modifications of its
Solar-Power Tracking System (STS). The patent pending, STS is
designed to increase solar energy production by approximately 25%
for less than an estimated 7% additional cost as compared to
stationary configuration. The company plans to implement this
advanced technology in their Community Solar projects.
Community Solar gardens provide attractive investment potential for
residents and businesses across the country.
Mass Megawatts coordinates all aspects of system delivery,
including permitting, installation, and working to obtain any
available tax incentives. They monitor the performance of
each system, and provide a full, performance guarantee.
With its patent pending, Solar Tracking System, Wind Electric
Power Generation system, only approximately 62 million shares
issued and outstanding and very little debt, Mass Megawatts
believes it is well positioned to ramp-up production in the shorter
term while expanding its infrastructure to support mass-production
goals in the longer term.
This press release contains forward-looking statements that
could be affected by risks and uncertainties. Among the factors
that could cause actual events to differ materially from those
indicated herein are: the failure of Mass Megawatts Wind Power,
also known as Mass Megawatts Windpower, to achieve or maintain
necessary zoning approvals with respect to the location of its
power developments; the ability to remain competitive; to finance
the marketing and sales of its electricity; general economic
conditions; and other risk factors detailed in periodic reports
filed by Mass Megawatts Wind Power. Additionally, Mass Megawatts
Wind Power stock quote and Mass Megawatts stock price may be
impacted by global condition. Mass Megawatts Wind Power Inc.
expected and anticipated positive and negative impact on the Mass
Megawatts stock price and the MMMW stock quote.
Community Solar information and sales inquiries can be made
through the contact page at www.massmegawatts.com , the
company’s website.
Source: Mass Megawatts Wind Power, Inc.