MMA Capital provides loan for Long Island solar project

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.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.