MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, LLC (NYSE: MMA), announced the launch of a new business unit focused on developing financial solutions for mid to large-scale energy efficiency (EE) projects.
Already a leader in arranging debt and equity financing for renewable energy facilities, the company’s expansion into EE projects enables MMA to deliver a comprehensive energy finance offering to its private and public sector customers.
“MMA Renewable Ventures is focused on stabilizing energy pricing for our customers by making environmentally-sound practices the cost-effective option,” said Matt Cheney, CEO. “In parallel to our efforts in the solar, wind and bioenergy markets, our new business line aims to remove the barriers of upfront system costs and ongoing operation from energy efficiency projects.”
Building on the company’s innovative approach to renewable project finance, MMA Renewable Ventures now works with energy service companies, equipment providers, electric utilities, and state and local government agencies to finance, own and operate energy efficiency assets on behalf of its customers.
This includes providing customers with a 100% financing option that can be structured as off-balance sheet and off-credit. By offering comprehensive energy efficiency project financing, customers avoid up-front costs, and projects can be cash flow positive from the start of commercial operation. As part of its expanded offering, MMA Renewable Ventures is now also able customize integrated finance solutions for combined energy efficiency and clean energy generation projects.
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