Renewable Ventures will remain headquartered in San Franciscoand continue to be run by CEO Matt Cheney, according to MuniMae.Renamed MMA Renewable Ventures, MuniMae's newest operating brandjoins MMA Financial and MMA Realty Capital.
MMA Renewable Ventures will focus initially on investments insolar energy. It also will consider opportunities in otherrenewable energy technologies and markets, such as wind, biofuels,biomass, biogas, and geothermal energy generation.
In explaining the acquisition, Cheney says 56 megawatts of newphotovoltaics were installed last year in the US, a 37% increaseover 2004. "With a 30% federal tax credit now in place and variousstates lining up to spur long-term investment in the sector, demandfor solar energy and other renewables is expected to reach newheights," Cheney says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
