San Francisco-based MMA Renewable Ventures LLC, a subsidiary of Municipal Mortgage & Equity LLC, has announced plans to construct, finance and operate a 10 MW wind farm in Oregon. MMA Renewable Ventures partnered with developers and landowners Ormand and Jeff Hilderbrand to help manage and accelerate all aspects of project development. Upon scheduled completion in 2009, the PaTu Wind Farm is expected to produce 30,000 MWh of energy annually.
The PaTu Wind Farm is the first wind project to join MMA Renewable Ventures' growing portfolio of more than 35 clean energy generation facilities nationwide. Within the wind market, MMA Renewable Ventures is focused on delivering turnkey financing and project management services that facilitate community ownership of wind projects.
‘Wind energy development offers rural regions a real source of economic opportunity, but the many factors involved in bringing a new wind farm into operation can be difficult to successfully manage,’ says Ormand Hilderbrand. ‘The challenges are even greater for community-scale projects like ours that must compete with larger projects for limited turbines and financing.’
SOURCE: MMA Renewable Ventures LLC