Baltimore, Maryland [RenewableEnergyAccess.com] Municipal Mortgage & Equity (MuniMae), a player in the real estate and financial services markets, moved into the renewable energy markets by acquiring Renewable Ventures LLC, a third-party financer and operator of renewable energy generation facilities.“Renewable Ventures’ innovative financing model has attracted a high-quality, diversified project pipeline, and today we’re joining forces to offer MuniMae’s investor clients access to that pipeline, an opportunity to capitalize on the renewable energy market’s continued expansion and promote smart growth for the future,” said Mike Falcone, CEO of MuniMae. Operating as a wholly owned subsidiary of MuniMae, Renewable Ventures will be renamed MMA Renewable Ventures and, while focusing on investments in solar energy, will also consider opportunities in other renewable energy technologies and markets, including wind, biofuels, biomass, biogas, and geothermal energy generation. Thus the combination of the two organizations signals acceleration in the flow of institutional capital into the renewable energy sector. Through its third-party proprietary financing model, Renewable Ventures owns, operates, and maintains renewable energy facilities and sells the electricity to its customers under the terms of a solar services agreement (SSA) that sets the electricity costs at a fixed rate. MuniMae and its subsidiaries arrange debt and equity financing for developers and owners of real estate and clean energy projects. The Company provides investment management and advisory services for institutional investors. Assets under management exceed $16 billion including investments in over 3,000 multifamily properties, containing 330,000 units in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. For a related story at the Baltimore Sun, see the following link.