|
|
Article: Spanish Solar Company to Become One of Largest in US: Spain-Based Fotowatio to Acquire MMA Renewable Ventures' Solar Business.
- Article from:
- Business Wire
- Article date:
- March 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MADRID -- Fotowatio, one of Spain's largest independent solar power producers, has agreed to purchase the core US solar power assets - including the largest US solar photovoltaic installation, at Nellis Air Force base - of San Francisco-based MMA Renewable Ventures, a wholly owned subsidiary of Municipal Mortgage & Equity, LLC (OTC: MMAB.PK).
Upon completion of the sale, Fotowatio's US business unit, Fotowatio Renewable Ventures, will be one of the largest solar development companies in the United States as measured by megawatts in operation. Fotowatio will own 35 megawatts of solar projects in operation and more than 400 megawatts in development in the United ...