MMA Energy Capital Reaches Over $200 Million of Originations in Texas
PARK CITY, Utah, Dec. 18, 2018 /PRNewswire/ -- MMA Energy Capital, a manager of capital to the renewable energy industry, today announced that it has reached over $200 million in originations of renewable energy investments in the state of Texas.
"Texas has been an important market for us since the beginning -- a few of our key customer relationships are in Texas. Our business with these customers continues to grow, and we have also expanded our network and developed new customer relationships in the state this year," said Bob Hopper, Managing Director. "We expect that Texas will remain an important region for our business going forward."
"Working in this market is challenging at times but never boring," said Mr. Hopper. "We see deals with various structures of offtake agreements, from utility PPAs to 3(rd)-party retail energy provider ISDAs; we see deals with both tax equity investment and USDA-guaranteed perm debt; and deals from under 10 MWdc to over 100 MWdc in system size. Today's milestone, while numerically significant, also reflects the experience and success of our team working through a multitude of deal types and deal structures with our customers."
MMA Energy Capital originates and manages development, construction, bridge, and term loans ranging in size from $3 million to over $100 million. MMA Energy Capital's team has a collective 85+ years of renewable energy development experience and project finance expertise. Since 2015, the company has originated and managed development and construction financing for more than 100 solar, wind, and other clean energy projects across 15 U.S. states and territories, totaling more than 2.6 gigawatts (GW) of installed capacity and over $1.2 billion of committed investments.
About MMA Energy Capital
MMA Energy Capital is a trade name under which Hunt Investment Management LLC does business. Hunt Investment Management, LLC is an affiliate of Hunt Companies, Inc. and manages MMA Capital Management LLC (NASDAQ: MMAC) through an external management agreement. For additional information about Hunt Investment Management, LLC, see its Form ADV and brochure (Part 2A of Form ADV) available at https://www.advisorinfo.sec.gov. For additional information on MMA Capital Management visit, www.mmacapitalmanagement.com. For more information on MMA Energy Capital, visit www.mmaenergycapital.com.
MEDIA CONTACTS
Brent Feigenbaum
Hunt Mortgage Group
212-317-5730
Brent.Feigenbaum@huntcompanies.com
Pam Flores
773-218-9260
pamflo@ameritech.net
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SOURCE MMA Energy Capital
