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.
I’m not a financial pro, but here’s some advice:
Don’t live on a budget. Make a lot of money and live far beneath your means. What value does luxury actually bring to your life, especially if it makes you nervous about running out of cash?
As I told my kids when they were growing up, “Unless you’re completely shallow, showing off your money is an idiotic thing to do. You make false friends and have people glomming onto you to sell you stuff you really don’t need.”
Warren Buffett still lives in a modest house in Nebraska, a state in which he could buy an entire country. Maybe there is something about him and his values that could benefit you.
I see.
There’s not enough land in Spain to support rooftop and ground-mounted solar at a fraction of the cost.
LOL.
It’s possible that right now, there are other civilizations observing the human race, studying us from afar, and noticing our decline into savagery and eventual extinction by turning billionaires into trillionaires.
People say that the principal weakness of human beings is that we can’t plan for the future as a species. Dogs are arguably even worse, though they aren’t consumed with greed. They don’t plot the starvation of millions of other dogs so they themselves can have enough food to last a billion years.
As an elderly man, I’ll be leaving this planet soon, but I won’t cease pondering this until my heart stops beating.
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