Solar Energy Market Overview

In 2006, solar energy had estimated annual global revenues of $15.6 billion. Driven by climate change concerns and encouraged by public-sector and utility incentives and rebates, solar energy is expected to become a $69.3 billion market by 2016.

Since the amount of sunlight hitting the earth in just one minute is enough to meet the world’s energy needs for an entire year, sunlight is the cheapest, most abundant renewable energy source available.

In the United States, more than a dozen states have initiated solar energy programs to help consumers, businesses, non-profits and public sector agencies adopt solar energy. The solar energy systems being built generate electricity that can offset peak load requirements and reduce fossil fuel-based grid electricity and resulting greenhouse gases emissions.

MMA Renewable Ventures Solar Energy Program

MMA Renewable Ventures is dedicated to delivering competitively priced, solar energy for customers, strategic partnership options for system integrators and exceptional opportunities for institutional investors in the renewable energy sector.

We work with businesses, non-profits and public-sector entities and agencies to finance, own and operate their solar energy systems. The primary way we do this is through a Power Purchase Agreement.

Advantages of Working with MMA Renewable Ventures

MMA Renewable Ventures delivers innovative debt and equity financing solutions to system integrators and real estate owners. Our mission is to become the premier financer of mid to large-size commercial photovoltaic (PV) power systems worldwide.

With the financial expertise and resources of our parent company MuniMae, MMA Renewable Ventures has the ability to maximize all federal and state tax incentives, rebates and Renewable Energy Credits (RECs) in a financial model that enables us to provide electrical power to our customers through a Power Purchase Agreement.

Solar Energy Financing Option—Power Purchase Agreement

MMA Renewable Ventures offers a cost-effective financing option to meet customers’ reliable and long-term solar energy needs. That option is a Power Purchase Agreement (PPA).

• Power Purchase Agreement —a service contract between MMA Renewable Ventures and a customer (site-host) where we finance, own and operate a solar energy system at the customer’s location and sell the electricity it generates to the customer for a pre-determined period.

Responsibilities Under the PPA

MMA Renewable Ventures

• Finances entire process—permitting, designing, procuring, installing
• Owns and operates system—covering operations, maintenance, insurance
• Issues the PPA—identifying contract length terms, providing options to buy system

Customer

• Executes agreement
• Provides installation site (roof top, open space)
• Provides access to site for operations and maintenance

Advantages of a Power Purchase Agreement

• No capital outlay--projects can be cash flow positive from day one
• Customer only pays for power the system generates
• Predictability-- features long-term fixed energy price for term of contract
• Includes option to purchase system after sixth year of operation

Depending on project and financing needs, MMA Renewable Ventures has the ability to customize solutions based on our customers’ requirements.

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