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MMA Energy Capital and Conergy Close $55 Million Solar Finance Facility

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”), through its joint venture with Fundamental Advisors, LP (“Fundamental”), a leading alternative asset manager, closed a $55 million financing facility with Conergy to be used for the construction of its 36 MW North Carolina solar portfolio.
This financing supports Conergy in constructing the first set of assets it will hold under its new strategy to become a solar independent power producer (IPP), as announced last week. Conergy will build, own and operate this portfolio of seven projects and sell the power to Duke Energy Carolinas under a 15-year power purchase agreement (PPA).
“We are extremely pleased to complete this transaction with Conergy, one of the pioneers in the solar energy space, and this project will provide the residents of North Carolina with clean, reliable electric power for many years,” Bob Hopper, Managing Director of MMA Energy Capital stated.
“As we grow our asset ownership, Conergy is thrilled to build out our North Carolina project portfolio with MMA Energy Capital’s facility. This financing further validates our bankability and access to capital for projects,” said Yann Brandt, Conergy’s Regional Head of The Americas.
Conergy began construction of the seven solar projects in September. The company plans to meet requirements to receive the North Carolina state solar tax credit this quarter and the projects will be placed in service in early 2016.

Blymyer Engineers Chosen As Engineering Firm Of Record For Springbok 2 Solar Farm

Blymyer Engineers, the nation’s leading design firm for utility scale solar projects, announced today the company has been chosen by Swinterton Builders as the engineering firm of record on the Springbok 2 Solar Farm in California. The full three phase project involves developing a 350 MW AC PV solar generating facility covering approximately 2000 acres of formerly underdeveloped grazing and ag lands over multiple project sites in an unincorporated portion of eastern Kern county.
Blymyer Engineers has already provided engineering for the 105 MW Springbok 1 project. The Springbok 2 solar farm is a 150 MW AC photovoltaic system utilizing ATI single axis trackers, SMA Sunnycentral 2200 inverters, and Trina TSM 315 watt PD 14 modules. Power will be transmitted to the grid via one or more generation tie lines connecting to the LADWP Beacon Substation. As reported in the initial project EIR, when fully operational the three part solar facility will operate year round and provide electricity to meet the needs of approximately 170,000 households.
Blymyer Engineer’s scope of work includes preparing the PV syst report, site plans and general arrangement drawings for the system, and complete electrical design including the electrical site plan, single line diagrams, trench layout, detailed design, grounding design, electrical equipment, wire and conduit sizing, plus the interface for the data acquisition system. Additionally Blymyer Engineers is working on structural designs including inverter foundations and single axis tracker foundations.

Circular Energy now offering innovative solar power buyback program

Circular Energy launched their innovative solar power buyback program today which helps customers maximize their overall return on their investment in their distributed solar energy system.

Enphase Energy appoints general manager for Europe, the Middle East and Africa

-Enphase Energy, Inc. announced that Peter van Berkel has been appointed general manager for Europe, the Middle East and Africa (EMEA).

Duke Energy Renewables achieves momentous safety milestone

Duke Energy Renewables and its third-party services group, Duke Energy Renewable Services, have completed one year and counting without an Occupational Safety and Health Administration (OSHA) recordable incident.

Alliant Energy to expand solar generation in Iowa

Alliant Energy is seeking to expand its renewable energy generation with solar power. Alliant Energy’s Iowa utility is issuing a request for proposals for new solar projects that could increase its system-wide solar generation by 50 percent.

SunEdison and Oak Leaf Energy Partners team up to bring solar power to waste water treatment plant

SunEdison, Inc. today announced the completion of two solar power systems totaling 1,280 kilowatts (kW) AC.

New PV roofing system set to make solar integration mainstream

Viridian Solar today announces the launch of its new Clearline Fusion solar roofing system.

SunPower unveils remote monitoring center

SunPower optimizing U.S. solar power plant production with remote operations control center.

CellCube vanadium redox flow battery for the future of mobility

In Martigny (Switzerland) a CellCube vanadium redox flow energy storage system will be installed end of 2015 as basis for the fueling station of the future.

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