That's in high-wind areas with at least 16 mph average annual wind speed.
     And that's before you subtract a federal tax credit of 1.8¢/kwh.
     They're nearly finished engineering at a western Massachusetts wind farm.
     Ideally money will come in soon since they haven't had significant revenue in the six years since it was created.
     The firm catches wind with square frames of metal pipe holding rows of relatively small rectangular sheets that spin on a vertical axis (photos and example video is at www.massmegawatts.com).
     They call it the Multi-Axis Turbo system.
     It lacks the impressiveness of enormous white towers with blades the length of a football field but uses less material and costs 40% less than the competition.
     The Shrewsbury, Mass, firm reported in December a net loss for the three months ending Oct 31 of $183,925 -- 7¢/share.
     That compares with a loss of $72,879 or 3¢/share the same period in 2002.
     Since founding in 1997 the firm has lost $1,789,889 or 91¢/share.
     Mass Megawatts continued to raise funds for its Charlton Prototype project, started land planning and wind data collection in western Massachusetts and is confident it will still be around at the end of this year.
     The wind energy industry had a growth rate of at least 30%/year in the past five years and is the fastest growing segment of the electricity market, the firm noted.  (Story originally published in Restructuring Today 12/16/03)