MMA Energy Capital provides development, construction, bridge and term loans ranging in size from $150 thousand to over $100 million
MMA Energy Capital (the “Company”), a leading provider of capital in the renewable energy space, today announced that it has reached over $2 billion in originations of renewable energy investments. Since 2015, the Company has originated development, construction and other custom debt financing for approximately 150 solar, wind, and other clean energy projects across 21 U.S. states and territories, totaling more than 6 gigawatts (“GW”) of installed capacity.
The Company, which is a trade name under which Hunt Investment Management, LLC does business, originates financing for the benefit of several institutional capital clients, including MMA Capital Holdings, Inc. (“MMAC”), a public investment vehicle that focuses on investments that generate positive environmental and social impacts trading under the NASDAQ ticker symbol, MMAC.
“It is a testament to the market growth of renewables, as well as our close relationship with our customers that we are able to reach such a milestone,” said Bob Hopper, Managing Director. “The $2 billion in project financings that we have originated to date, of which $900 million has been originated in the past 12 months, has enabled the development, construction and acquisition of solar and wind projects throughout the United States and we see continued growth in all of these areas.”
Michael Falcone, MMAC’s Chief Executive Officer stated, “MMA Energy Capital enables MMAC to invest in a large, segmented market that has been growing and that we believe to be underserved. This has enabled us to achieve attractive risk-adjusted returns on the capital that we have invested in the loans that they originate.”
MMA Energy Capital provides development, construction, bridge and term loans ranging in size from $150 thousand to over $100 million. MMA Energy Capital’s team has a collective 85+ years of renewable energy development experience and project finance expertise.
Source: Company Press Release