News & Press Releases
BALTIMORE, Feb. 14, 2017 /PRNewswire/ — MMA Energy Capital, LLC (“MMA Energy Capital” or the “Company”), a Maryland limited liability company and wholly-owned subsidiary of MMA Capital Management, LLC (NASDAQ: MMAC), today announced that it has reached nearly $400 million in originations of renewable energy investments for the joint ventures it manages, and its own account, since its inception two years ago with volume in 2016 more than tripling 2015 origination volume.
BlueWave Capital, LLC (“BlueWave”) of MA, along with financing partners MS Solar Solutions Corp, Avidia Bank of Hudson, MA, MMA Energy Capital of Baltimore MD, New Energy Capital of Hanover, NH, landowners Martin Realty Company of Auburn, MA and Brett and Dorothy Mann and local, state and federal officials cut the ribbon on a 16.5 MW assemblage of 9 solar PV arrays in Oxford, Massachusetts.
If you measure the impact of the election on investor sentiment, take one look at the $500 million that MMA Energy Capital announced at 8am the morning after election day. On November 9th, MMA announced a new joint venture named “Renewable Energy Lending” with TSSP, a TPG platform. TSSP is a dedicated credit and special situations platform with over $18 billion of assets under management.
MMA Energy Capital LLC has entered into a joint venture with affiliates of Fundamental Advisors LP, an alternative asset manager, to provide capital for the development and construction of solar power projects throughout the United States. The joint venture will operate under the name Solar Construction Lending LLC and will be administered by MMA Energy Capital, subsidiary of MMA Capital Management LLC.
BALTIMORE, Nov. 9, 2016 /PRNewswire/ — MMA Capital Management, LLC (NASDAQ: MMAC) (“MMA Capital” or “the Company“) today announced that the Company has entered into an agreement with an affiliate of TSSP, a leading special situations investment platform, to form a solar lending joint venture. The joint venture will operate under the name Renewable Energy Lending, LLC (“REL”) and will provide financing for the construction and ongoing operations of solar power projects located throughout North America. MMA Energy Capital, LLC (“MEC”), a wholly-owned subsidiary of MMA Capital, will provide loan origination and administrative services to REL. Kimberlite Advisors, LLC served as financial advisor in the formation of Renewable Energy Lending, LLC.
MMA Capital Management, LLC, a Delaware limited liability company, today announced that its subsidiary, MMA Energy Capital, LLC, through its joint venture with Fundamental Advisors, LP, a leading alternative asset manager, closed an $11 million financing facility with SunStream Partners, LLC to be used for the construction of two separate 2.6 MW solar projects in New York. SunStream has signed an Engineering, Procurement, and Construction agreement with Dynamic Energy of Wayne, PA to build the projects.”New York continues to be a very strong market for renewable energy development and we are extremely pleased to complete this transaction with SunStream” Bob Hopper, Managing Director of MMA Energy Capital stated.
BALTIMORE and NEW YORK, Oct. 7, 2015 /PRNewswire/ — MMA Capital Management, LLC (NASDAQ: MMAC) (“MMA Capital Management” or the “Company”), a Delaware limited liability company, today announced that its subsidiary, MMA Energy Capital, LLC (“MMA Energy Capital”), through its joint venture with Fundamental Advisors, LP (“Fundamental”), a leading alternative asset manager, closed a $55 millionfinancing facility with Conergy to be used for the construction of its 36 MW North Carolina solar portfolio.
BALTIMORE, March 18, 2015 /PRNewswire/ — MMA Capital Management, LLC (NASDAQ: MMAC) (“MMA” or “the Company“) today reported financial results for the year ended December 31, 2014, including common shareholders’ equity of $91.5 million, or $12.51 per common share on a fully diluted basis. The Company filed its Annual Report on Form 10-K for the year ended December 31, 2014 (the “2014 Annual Report“) with the Securities and Exchange Commission (“SEC“) today and will hold an investor call on March 20, 2015 at 8:30 a.m. ET.