MMA Renewable Ventures Enters Wind Market with Oregon Project
28 5월 2008 - 10:00PM
PR Newswire (US)
MMA Renewable Ventures Accelerates Community-Based Wind Project
Development SAN FRANCISCO, May 28 /PRNewswire/ -- MMA Renewable
Ventures, LLC, a subsidiary of Municipal Mortgage & Equity,
LLC, a diverse real estate and clean energy finance and investment
management company ("MuniMae") (Pink Sheets: MMAB) today announced
plans to construct, finance and operate a 10 megawatt (MW) wind
farm in north central Oregon. MMA Renewable Ventures partnered with
developers and landowners Ormand and Jeff Hilderbrand to help
manage and accelerate all aspects of project development. Upon
scheduled completion in 2009, the PaTu Wind Farm is expected to
produce 30,000 MWh of energy annually, enough clean electricity to
power 3,000 homes each year. The PaTu Wind Farm is the first wind
project to join MMA Renewable Ventures' growing portfolio of more
than 35 clean energy generation facilities nationwide. Within the
wind market, MMA Renewable Ventures is focused on delivering
turnkey financing and project management services that facilitate
community ownership of wind projects. "MMA Renewable Ventures has a
proud tradition of pioneering new ways to make clean energy easier
and more cost-effective to deploy. Our entry into the wind market
extends our proven financial capabilities, operational expertise
and innovative approach to an entirely new group of renewable
energy partners and customers," said Matt Cheney, CEO of MMA
Renewable Ventures. "Wind energy development offers rural regions a
real source of economic opportunity, but the many factors involved
in bringing a new wind farm into operation can be difficult to
successfully manage. The challenges are even greater for community
scale projects like ours that must compete with larger projects for
limited turbines and financing," said Ormand Hilderbrand. "More
than just a financial partner, MMA Renewable Ventures provided the
expertise we needed to speed this project to successful operation,
helping the wind farm deliver benefits to my business, our
community and the environment." MMA Renewable Ventures provides
development capital, customized project management and total
financing for small- to mid-scale wind farms. The company
collaborates with project stakeholders to deliver benefits to all
participants, including: -- Developers & Landowners: With
expertise in development investment, development management,
project finance, construction, turbine procurement and operation,
the company works with developers at all stages of the project
lifecycle to manage the wind farm through successful operation. --
Institutional Investors: MMA Renewable Ventures aggregates
qualified, investment-grade wind energy projects to manage risk and
provide attractive returns to investors. Since 2002, MMA Renewable
Ventures has brought more than 40 MW of clean energy generation
into development, including North America's largest photovoltaic
system at Nellis Air Force Base. The company is currently expanding
its presence in the wind market and has a pipeline of more than 200
MWs of near term community wind opportunities. About MMA Renewable
Ventures A wholly-owned subsidiary of Municipal Mortgage &
Equity, LLC ("MuniMae," OTC: MMAB.PK), MMA Renewable Ventures
finances, owns and operates renewable energy and energy efficiency
assets for commercial, municipal and utility customers nationwide.
The company provides leases, Power Purchase Agreements (PPAs) and
other customized financial solutions to help its customers manage
energy costs. MMA Renewable Ventures is dedicated to delivering
competitively priced clean energy and energy savings to customers,
strong partnership options for project developers, and exceptional
opportunities for institutional investment in the clean energy
sector. For more information about MMA Renewable Ventures, visit
http://www.mmarenewableventures.com/ DATASOURCE: MMA Renewable
Ventures, LLC CONTACT: Rosalind Jackson of Antenna Group,
+1-415-977-1923, , for MMA Renewable Ventures Web site:
http://www.mmarenewableventures.com/
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