News & Press Releases

MMA Energy Capital Reaches $1 Billion in Originations

PARK CITY, UtahJuly 10, 2018 /PRNewswire/ — MMA Energy Capital, a leading provider of capital in the renewable energy space, today announced that it has reached over $1 billion in originations of renewable energy investments. Since 2015, the company has provided development and construction financing for approximately 100 solar, wind, and other clean energy projects across 14 U.S. states and territories, totaling more than 1.6 gigawatts (GW) of installed capacity.

“Reaching $1 billion in originations is a tremendous milestone for us,” said Bob Hopper, Managing Director. “Since the company’s inception, we have worked hard to become a widely-recognized and reputable financing partner in the renewable energy space. Today’s announcement reflects considerable progress towards achievement of that goal and we look forward to continuing to build those partnerships for years to come.”

MMA Energy Capital provides development, construction, bridge and term loans ranging in size from $3 million to over $200 million. MMA Energy Capital’s team has a collective 85+ years of renewable energy development experience and project finance expertise.

Looking ahead to the second half of 2018 and beyond, the company expects to see continued growth. “According to the Solar Energy Industries Association, solar alone accounted for 30% of all U.S. new electricity capacity installed in 2017. Despite the policies we are currently seeing at the federal level, our customers are still seeing a growth in their businesses, and likewise we maintain a robust pipeline of opportunities for 2018 and 2019,” said Mr. Hopper.

Data from the U.S. Energy Information Administration shows that renewable energy sources accounted for 17% of total U.S. electricity generation in 2017, up from 10% in 2010.

 

About MMA Energy Capital 

MMA Energy Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. For additional information about Hunt Investment Management, LLC, please see its Form ADV and brochure (Part 2A of Form ADV) available at https://www.adviserinfo.sec.gov. For additional information on MMA Energy capital, please see its website at www.MMAEnergyCapital.com.

 

$400 M origination announcement

BALTIMOREFeb. 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’s largest community solar project

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.

 

$500M Capital Raise from Solar wake up

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 EC & FA

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.

 

MMAC & TSSP form JV

BALTIMORENov. 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 SunStream close $11M Loan

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.

 

Conergy announcement of $55 M deal closing

BALTIMORE and NEW YORKOct. 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.

 

MMAC discusses quarterly results

BALTIMOREMarch 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.