38 Degrees North has closed on a growth equity investment from S2G Ventures (S2G), and also entered into an agreement to acquire community solar assets from Community Power Group in New York.
Founded in 2015, the company has aggregated, financed, constructed and managed more than 400 MW across over 100 projects through institutional investor partnerships.
“S2G is excited to be partnering with the industry veterans at 38 Degrees North to help drive the next phase of the company’s growth,” says Priyanka Duvvuru, principal at S2G. “We continue to be impressed by the management team’s thoughtful structuring approach, extensive execution experience and demonstrated resilience through historical uncertainties in the solar market, which we believe positions the platform well for the future.”
With the CPG agreement, 38 Degrees North will acquire a portfolio of 10 community solar projects, totaling 62 MW, in New York state.
As part of the transaction, S2G’s Priyanka Duvvuru and Francis O’Sullivan will join 38 Degrees North’s board of directors.
Norton Rose Fulbright was legal counsel for S2G and Vinson & Elkins served as 38 Degrees North’s legal advisor.
The post 38 Degrees North Announces S2G Growth Equity, Acquires Community Solar appeared first on Solar Industry.
Renewable Energy
A Lesson for America from West Africa
From DW Africa:
Burkina Faso’s military leader, Ibrahim Traore, has said the country should “forget about democracy,” in one of his clearest signs yet that military rule could continue for years. Traore seized power in a coup in September 2022, overthrowing another junta that had itself taken control just nine months earlier. Since then, he has tightened his grip on power, suppressing opposition and banning political parties in January. He had initially promised a return to civilian rule, but later delayed elections, arguing that Burkina Faso remained too insecure because of ongoing Islamist insurgencies. Last year, the junta extended the transition period, allowing Traore to stay in office until 2029. His remarks suggest Burkina Faso is moving even further away from its earlier pledge to restore democratic governance.
The story above is an extremely common one in the developing world and illustrates a critically important point: once a democracy is lost, it’s almost impossible to recover.
America: Take Heed.
Renewable Energy
Hegseth Decimates Top Military Echelon
Although we can’t see behind the scenes, it appears that what I predicted is actually happening. i.e., that out top generals and admirals are refusing help the Trump administration commit war crimes.
Renewable Energy
Did Nothing Happened to the Conspiracy Theorists Who Refused the COVID-19 Vaccine?
Not exactly.
Unvaccinated individuals face a significantly higher risk of severe COVID-19, including hospitalization, intensive care admission, and death, compared to vaccinated individuals. Studies show that unvaccinated people are roughly 11 to 15 times more likely to die from COVID-19, with substantially higher infection and mortality rates across all age groups.
Most, though I guess not all, would say that dying in agony is not “nothing.”
Did Nothing Happened to the Conspiracy Theorists Who Refused the COVID-19 Vaccine?
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