MMA Renewable Ventures and Global Solar Sign First PPA for CIGS Thin Film

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Mama GP Hmv Asd	LSE:MMAB	London	Ordinary Share	GB00B5M5PW49	ORD 5P (ASSD HMV CASH)

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750 kW Thin Film Installation Marks Solar Energy Industry First SAN FRANCISCO, March 6 /PRNewswire-FirstCall/ -- MMA Renewable Ventures, LLC, a subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae") (Pink Sheets: MMAB), and Global Solar Energy, a leading manufacturer of Copper Indium Gallium diSelenide (CIGS) thin-film solar cells, today announced the planned construction of a new solar electric system at Global Solar's manufacturing facility in Tucson, Arizona. Expected to begin operation in the fall of 2008, the 750-kilowatt (kW) installation will mark the first commercial-scale deployment of Global Solar's CIGS thin-film solar technology. The innovative solar energy system will be financed, owned and operated by MMA Renewable Ventures with Global Solar purchasing the clean power generated under the terms of a twenty-five year Power Purchase Agreement (PPA). Designed and installed by Solon America Corporation, the thin film solar power system will generate more than 1.1 million kilowatt-hours (kWh) of renewable electricity annually at Global Solar's new state-of-the-art factory. Incorporating Global Solar's CIGS technology into modules constructed by Solon America, the ground-mounted solar energy system will offset 30,000 tons of carbon dioxide over its expected 25 year lifetime. "With the commercial introduction of new solar technologies like thin film, we see tremendous growth opportunities in the market for cost-effective solar power. Having helped pioneer the solar PPA model, we are again playing an instrumental role in advancing the solar industry by enabling these next-generation solar technologies to be deployed at scale," explained Matt Cheney, CEO of MMA Renewable Ventures. "Our deep experience in both the finance and operation of renewable energy systems enables MMA Renewable Ventures to effectively assess and manage project risk for various technologies -- whether silicon or CIGS -- to deliver consistent, high-quality investment opportunities to our institutional investors." "Building on our years of production experience, delivering highly-efficient solar cells used in products worldwide, Global Solar is driving the solar market into the next level of product innovation and adoption," said Mike Gering, CEO of Global Solar Energy. "We are proud to be working with a knowledgeable third-party financer like MMA Renewable Ventures in validating our technology while supporting the energy needs of our expanded production line with clean, reliable solar power." Global Solar Energy, a solar industry leader that manufactures highly-efficient thin film solar cells for glass modules or flexible materials products. The Company's proven and stable production process is creating lightweight and portable PV materials for integration in commercial, residential, utility-scale and government products. As a result of its three years of full-scale production, Global Solar is also the only company achieving 10 percent average solar cell efficiency for CIGS technology on a flexible substrate over numerous production runs. The thin film solar power system represents MMA Renewable Ventures' first project to employ CIGS technology as well as the company's first solar energy installation in Arizona. About MMA Renewable Ventures A subsidiary of Municipal Mortgage & Equity, LLC "MuniMae," (Pink Sheets: MMAB), MMA Renewable Ventures finances, owns and operates renewable energy and energy efficiency assets in the United States. The Company provides leases, Power Purchase Agreements (PPAs) and other customized financial solutions to help its customers manage energy costs. MMA Renewable Ventures is dedicated to delivering competitively priced, clean energy and energy savings to customers, strong partnership options for project developers, and exceptional opportunities for institutional investment in the clean energy sector. For more information about MMA Renewable Ventures, visit http://www.mmarenewableventures.com/. About Global Solar Energy Global Solar Energy is a solar industry leader that manufactures highly-efficient thin film solar cells for glass module or flexible material products. Global Solar is the only Copper Indium Gallium diSelenide (CIGS) manufacturer in full-scale production on a flexible substrate and has achieved 10 percent average solar cell efficiency. Its thin film CIGS strings are not dependant on silicon and instead use highly-available raw materials that are easily integrated into a wide range of applications for use in commercial, residential, utility-scale and government products. For more information, please visit http://www.globalsolar.com/. DATASOURCE: MMA Renewable Ventures, LLC CONTACT: Rosalind Jackson of Antenna Group, +1-415-977-1923 , for MMA Renewable Ventures Web site: http://www.mmarenewableventures.com/ http://www.renewableventures.com/ http://www.globalsolar.com/

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