MMA Ventures Finances SunPower Solar Systems at 14 Macy’s Stores
San Francisco, CA; April 1, 2008
Source: SunPower Corp. press release
http://investors.sunpowercorp.com/releasedetail.cfm?ReleaseID=302456
MMA Renewable Ventures, LLC, a subsidiary of Municipal Mortgage & Equity, LLC (“MuniMae,” OTC: MMAB.PK) today announced that it has signed Power Purchase Agreements (PPAs) for 14 new solar electric systems at Macy’s stores in California. MMA Renewable Ventures arranged equity investment for the first four systems through its Solar Fund III, a financing commitment with a subsidiary of Wells Fargo (“Wells Fargo,” NYSE: WFC), under which Wells Fargo intends to fund 10-15 megawatts of solar energy projects nationwide. (more…)