PARK CITY, Utah, July 10, 2018 /PRNewswire/ -- MMA Energy Capital, a leading provider of capital in the renewable energy space, today announced that it has reached over $1 billion in originations of renewable energy investments. Since 2015, the company has provided development and construction financing for approximately 100 solar, wind, and other clean energy projects across 14 U.S. states and territories, totaling more than 1.6 gigawatts (GW) of installed capacity.
"Reaching $1 billion in originations is a tremendous milestone for us," said Bob Hopper, Managing Director. "Since the company's inception, we have worked hard to become a widely-recognized and reputable financing partner in the renewable energy space. Today's announcement reflects considerable progress towards achievement of that goal and we look forward to continuing to build those partnerships for years to come."
MMA Energy Capital provides development, construction, bridge and term loans ranging in size from $3 million to over $200 million. MMA Energy Capital's team has a collective 85+ years of renewable energy development experience and project finance expertise.
Looking ahead to the second half of 2018 and beyond, the company expects to see continued growth. "According to the Solar Energy Industries Association, solar alone accounted for 30% of all U.S. new electricity capacity installed in 2017. Despite the policies we are currently seeing at the federal level, our customers are still seeing a growth in their businesses, and likewise we maintain a robust pipeline of opportunities for 2018 and 2019," said Mr. Hopper.
Data from the U.S. Energy Information Administration shows that renewable energy sources accounted for 17% of total U.S. electricity generation in 2017, up from 10% in 2010.
About MMA Energy Capital
MMA Energy Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. 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. For additional information on MMA Energy capital, please see its website at www.MMAEnergyCapital.com.
Hunt Mortgage Group
SOURCE MMA Energy Capital