August 20, 2008

MMA Renewable Ventures Deploys 2MW Solar Energy System at Denver Airport

MMA Renewable Ventures, a subsidiary of Municipal Mortgage & Equity, has reported that a 2MW solar energy system has been deployed at the Denver International Airport. MMA has financed the project and is the owner and operator of the system.

MMA Renewable Ventures joined with WorldWater and the Denver International Airport to develop a public-private partnership, leveraging tax credits and incentives to finance this solar power system.

The solar photovoltaic system, spanning seven and a half acres at the airport's entrance, will generate over three million kWh of clean electricity annually, and will reduce carbon emissions by more than 6.3 million pounds each year.

The project is part of the Xcel Energy Solar Rewards program and will receive a rebate to offset the upfront construction costs. Xcel Energy will purchase the renewable energy credits from the clean electricity produced in support of Colorado's Renewable Energy Standard, which requires large utilities to generate 20% of their power from renewable energy sources by 2020.