MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity LLC, has launched a new business unit focused on developing financial solutions for mid- to large-scale energy-efficient projects.
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, the company says. This includes providing customers with a 100% financing option that can be structured as off-balance sheet and off-credit.
‘MMA Renewable Ventures is focused on stabilizing energy pricing for our customers by making environmentally sound practices the cost-effective option,’ explains Matt Cheney, MMA Renewable Ventures' chief executive officer. ‘In parallel to our efforts in the solar, wind and bioenergy markets, our new business line aims to remove the barriers of up-front system costs and ongoing operation from energy-efficiency projects.’