PARK CITY, Utah, Nov. 13, 2019 /PRNewswire/ -- 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.
About MMA Energy Capital
MMA Energy Capital is a trade
name under which Hunt Investment Management, LLC, does business and
is a wholly owned subsidiary of Hunt Capital Holdings, LLC.
For additional information about Hunt Investment Management, LLC,
please see its Form ADV and brochure (Part 2A of Form ADV)
available at https://www.adviserinfo.sec.gov/. Additional
information about MMA Energy Capital can be found by contacting
bob.hopper@mmaenergycapital.com and at
www.mmaenergycapital.com.
About MMA Capital Holdings, Inc.
MMA Capital Holdings, Inc. invests in debt associated with
renewable energy infrastructure and real estate and is externally
managed and advised by Hunt Investment Management, LLC, an
affiliate of Hunt Capital Holdings, LLC For additional information
about MMA Capital Holdings, Inc. (Nasdaq: MMAC), please visit MMA
Capital Holdings' website at www.mmacapitalholdings.com.
Cautionary Statement Regarding Forward-Looking Statements
This Release contains forward-looking statements intended to
qualify for the safe harbor contained in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the Credit Agreement and
other statements identified by words such as "may," "will,"
"should," "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "seek," "would," "could," and similar words or
expressions and are made in connection with discussions of future
events and operating or financial performance.
Forward-looking statements reflect our management's expectations
at the date of this Release regarding future conditions, events or
results. They are not guarantees of future performance. By their
nature, forward-looking statements are subject to risks and
uncertainties. Our actual results and financial condition may
differ materially from what is anticipated in the forward-looking
statements. There are many factors that could cause actual
conditions, events or results to differ from those anticipated by
the forward-looking statements contained in this Release. For a
discussion of certain of those risks and uncertainties and the
factors that could cause our actual results to differ materially
because of those risks and uncertainties, see Part I, Item 1A, Risk
Factors of our Annual Report on Form 10-K for the year ended
December 31, 2018 ("2018 Annual
Report "), filed with the United States Securities and Exchange
Commission to which reference is hereby made. All forward-looking
statements made herein are expressly qualified in their entirety by
these cautionary statements and there can be no assurance that the
actual results, events or developments referenced herein will occur
or be realized. Readers are cautioned not to place undue reliance
on forward-looking statements in this Release or that we may make
from time to time. We expressly disclaim any obligation to revise
or update any forward-looking statements in this Release, whether
as a result of new information, future events or
otherwise.
Past performance is not indicative of future results.
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SOURCE MMA Energy Capital