MMA Muni Mtg & Equ Llc

2-Megawatt Photovoltaic System at Nation's Fifth Busiest Airport will Operate Under Power Purchase Agreement DENVER, Oct. 1 /PRNewswire-FirstCall/ -- MMA Renewable Ventures, LLC, a subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae") (NYSE:MMA) and WorldWater & Solar Technologies Corp. (OTC:WWAT) (BULLETIN BOARD: WWAT) , formerly WorldWater & Power Corp., today announced plans to construct a two-megawatt (MW) solar energy system at Denver International Airport (DIA). Upon its completion in 2008, the photovoltaic system is expected to generate 3.5 million kilowatt-hours (kWh) of clean electricity annually at DIA and support Denver's commitment to environmental sustainability by reducing carbon emissions into the atmosphere by more than five million pounds each year. Designed and installed by WorldWater & Solar Technologies, the new ground mounted tracking solar array system will be located at the entrance to DIA's main terminal. The system will be financed by MMA Renewable Ventures, which will own and operate the system and sell predictably priced power to DIA under a long-term contract or Power Purchase Agreement (PPA). "By purchasing clean power rather than solar panels, DIA will benefit from a renewable energy system that is cost-effective from the day it becomes operational and for years to come," said Matt Cheney, CEO of MMA Renewable Ventures. "Our collaborative effort with DIA serves as an example of how successful public-private partnership can help municipal facilities make the most of the tax credits and other incentives available for solar energy." 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 percent of their power from renewable energy sources by 2020. Operated by the City and County of Denver, DIA is the fifth busiest international airport in the United States having served nearly 50 million passengers in 2006. "Denver International Airport is a leader in sustainability as the only airport to be accepted into the Environmental Protection Agency's National Performance Track Program," said Denver Mayor John Hickenlooper. "Thanks to MMA Renewable Ventures and WorldWater & Solar Technologies, DIA will soon have one of the country's largest airport solar systems, marking the first of many alternative energy innovations expected under Greenprint Denver, our action agenda for sustainable practices. DIA is a shining example of how we can embrace sustainable development as an operating principle while maintaining a successful, profitable business, breaking records for passenger traffic and earning high customer satisfaction ratings." "DIA has a long-standing commitment to sustainable operations and environmental protection. This solar energy system will provide cleaner air and reduce greenhouse gas emissions in the city and county of Denver and serve as a highly visible environmental statement to the millions of passengers that travel through our airport each month," said Turner West, aviation manager for Denver International Airport. Quentin T. Kelly, chairman and CEO of WorldWater commented, "We are delighted that such a major metropolitan airport as Denver International has embarked on a solar energy system that is as impressive in size and scope at this 2-Megawatt installation and we are looking forward to helping Denver achieve that worthy target. Two months ago we contracted with the Fresno Yosemite International Airport to build another major solar system. Our expertise in solar energy generation and integrated systems design makes us well suited to address the complex power needs of a major transportation hub like Denver International, significantly reducing electric costs and helping improve air quality at the airport." With the City of Denver, Xcel Energy will develop an educational display for DIA's main terminal to explain the benefits of solar energy. "This project is right in line with the clean energy future we envision at Xcel Energy," said Dick Kelly, chairman, president and CEO of Xcel Energy. "We were pleased to be able to bring together the City of Denver with its renewable energy development partners, to help Denver and Colorado meet the ambitious goals its leaders have set with the Renewable Energy Standard and Greenprint Denver. We are proud to be part of the effort." About MMA Renewable Ventures A wholly-owned subsidiary of Municipal Mortgage & Equity, LLC ("MuniMae," NYSE: MMA), 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 WorldWater & Solar Technologies Corp: WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that can drive motors and pumps up to 1000 hp to provide solutions for a broad spectrum of the world's electricity and water supply problems from sunshine independently or in conjunction with the electric grid. Other solar technology is limited to five to seven horsepower. For more information about WorldWater & Solar Technologies Corp., visit the website at http://www.worldwater.com/ About Denver International Airport: Denver International Airport opened in 1995 and was the nation's first all-new airport in more than 20 years. DIA, which served 47.3 million passengers in 2006, is the fifth-busiest airport in the United States and the 10th-busiest in the world. The 22 airlines that serve DIA provide nonstop service to nearly 150 destinations in the United States, Mexico, Canada, and Europe. Denver International Airport is known worldwide for its commitment to efficiency, safety and environmental protection. About Xcel Energy: Xcel Energy (NYSE:XEL) is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at http://www.xcelenergy.com/. DATASOURCE: MMA Renewable Ventures, LLC CONTACT: Rosalind Jackson, +1-415-977-1923, , for MMA Renewable Ventures; or Mike Breslin, +1-201-652-1287, , for WorldWater & Solar Technologies; or Chuck Cannon, +1-303-342-2250, , for Denver International Airport Web site: http://www.renewableventures.com/ http://www.xcelenergy.com/ http://www.worldwater.com/

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