MMA Capital closes on loan for New York solar projects

BALTIMORE, July 1, 2015 /PRNewswire/ — MMA Capital Management, LLC (NASDAQ: MMAC) (“MMA Capital Management” or the “Company”), a Delaware limited liability company, today announced that its subsidiary, MMA Energy Capital, LLC (“MMA Energy Capital”), has closed a $3 million construction loan to finance the construction of multiple solar power projects located throughout New York State.

“We continue to see opportunities in the fast growing New York market.  Our customized financing will facilitate the installation of over 15 MW’s of solar projects in NY this year.” Bob Hopper, Managing Director of MMA Energy Capital stated.

Kevin Panzica, Vice President, MMA Energy capital added, “Governor Cuomo’s commitment to the NY-Sun initiative is helping theState of New York become a solar energy leader.”

About MMA Energy Capital

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 through access to efficiently placed capital. 

For more information on MMA Energy Capital, please contact Bob Hopper at Bob.Hopper@MMAEnergyCapital.com, or visit our website, www.mmaenergycapital.com.