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.

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 States, and will gain one of the country’s most experienced solar development and operations teams.

In addition to the 14-megawatt project at Nellis Air Force base in Nevada, the US-wide portfolio will include the nation’s most visible solar array – at Denver International Airport – the world’s largest thin film solar installation using CIGS technology – in Arizona – solar panels on the roofs of Colorado parking garages and solar arrays that power a California rice farm.