MMA Capital Management LLC (NASDAQ: MMAC) said April 6 that its subsidiary, MMA Energy Capital LLC, has issued a development loan to Solar Liberty Energy Systems for the final development of its 10.6-MW project under the Long Island Power Authority‘s (LIPA) Feed-in-Tariff II program.
Bob Hopper, Managing Director of MMA Energy Capital, stated: “Solar Liberty is a premier solar developer and installer in New York State and we are extremely happy to be able to provide capital to them to complete development for this exciting project with LIPA.”
“Access to efficient capital is critical to our business, and working with the renewable finance experts at MMA Energy Capital enabled us to move these important projects through development and into construction,” said Adam Rizzo, President of Solar Liberty.
MMA Energy Capital provides custom solutions around construction debt and development capital for renewable energy projects that enable its customers to effectively develop and build world class projects.
Founded in 2003, Solar Liberty installs grid-tied photovoltaic solar energy systems for government, nonprofit, education, commercial, and residential customers. Since then, the company installed solar panels systems for scores of New York state businesses, schools, municipal buildings, non-profits and homeowners.