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MMAB Mama GP Hmv Asd

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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)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

MMA Renewable Ventures and Wells Fargo Announce Clean Energy Project in San Francisco

25/06/2008 2:00pm

PR Newswire (US)


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SAN FRANCISCO, June 25 /PRNewswire/ -- Today MMA Renewable Ventures, LLC, and Wells Fargo & Company ("Wells Fargo,") (NYSE:WFC) announced a new solar energy system in San Francisco that is providing clean, renewable power to the University of California at San Francisco (UCSF)'s Mission Bay campus. MMA Renewable Ventures owns and operates the 250-kilowatt (kW) system through a long-term Power Purchase Agreement (PPA) with UCSF. MMA Renewable Ventures arranges equity investment for projects through its Solar Fund III, a financing commitment with Wells Fargo to fund 10-15 MW of solar energy projects nationwide. "UCSF has demonstrated a deep-seated commitment to environmental sustainability throughout the growth of its new Mission Bay campus," said Matt Cheney, CEO of MMA Renewable Ventures. "Through the long term PPA arrangement, the university is able to go solar without the upfront installation cost or ongoing maintenance expenses, allowing UCSF to direct its valuable resources to education and critical research rather than a new solar energy system." Added Wells Fargo's Director of Environmental Finance, Barry Neal, "Wells Fargo is dedicated to aligning renewable energy with real economic opportunity in ways that benefit our customers, community, shareholders and the environment." Chevron Energy Solutions, a Chevron subsidiary, designed and installed the system, which incorporates two distinct solar energy technologies to deliver clean, reliable power: Sharp(R) solar modules are installed on the roof of Genentech Hall and atop the carports of the Third Street parking garage, and UNI-SOLAR(R) thin film building integrated photovoltaic (BIPV) laminates are mounted vertically on the garage in a representation of a DNA structure. The system is expected to generate 350,000 kilowatt-hours (kWh) of clean power annually, preventing nearly 470,000 pounds of carbon dioxide emissions each year. 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 Wells Fargo & Co: Wells Fargo & Company is a diversified financial services company with $595 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (http://wellsfargo.com/) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody's Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA." Wells Fargo is an Environmental Protection Agency 2007 Green Power Partner of the Year for its commitment to renewable energy. NOTE: The information stated above was prepared by MMA Renewable Ventures, LLC, and reflects solely the opinion of MMA Renewable Ventures. Nothing in this statement shall be attributed to The Regents of the University of California, its officers, agents or employees. DATASOURCE: MMA Renewable Ventures, LLC CONTACT: Rosalind Jackson of Antenna Group, +1-415-977-1923, , for MMA Renewable Ventures; Stephanie Rico of Wells Fargo, +1-415-396-5804, Web site: http://www.renewableventures.com/ http://www.mmarenewableventures.com/ http://wellsfargo.com/

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