MMA Energy Capital LLC hits $400 million in renewable energy investments in first two years, with 2016 activity tripling 2015 numbers

Written By: Stratton Report
February 14, 2017

mma capital

On February 14, MMA Energy Capital, LLC, a subsidiary of MMA Capital Management, LLC announced that it has made $400 million in originations of renewable energy investments for the joint ventures it manages, and for its own account, in the past two years.

According to the firm, origination volumes in 2016 more than tripled 2015 origination volume.

MMA Energy Capital stressed that it is focused primarily on development, construction and permanent debt capital for solar and wind projects and can underwrite transactions varying in size from $2 million to over $100 million.

The firm claims investments in California, Utah, Colorado, Texas, Minnesota, North Carolina, South Carolina, Maryland, New York, New Jersey and Massachusetts.

Loan origination proceeds, according to MMA, were used for construction-related activities such as procurement and labor, as well as interconnect deposits, land acquisition, utility deposits and security and other development related uses and, in some cases, provided project partners back leverage on operating assets through a five year term structure.

Bob Hopper, MMA Energy Capital’s Managing Director remarked:

There continues to be a great need for construction and development capital for solar projects in the U.S. and we are very happy to have the opportunity to serve that need for our customers. While the solar market grows our customer’s needs for flexible capital are increasing almost daily and MMA Energy Capital and its investor partners have a large amount of capital to put to work in the space.