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
Concerns About Our Future
I met a guy today who does cyber security for dozens of military bases around the U.S.
Considering his career, I didn’t expect him to bring up his belief that the president of the United States is making horrible, unhinged decisions on our nation’s behalf. He’s especially concerned about the destruction of relationships with our allies, claiming that the stability of the free world is at stake.
He believes, and I hadn’t had this thought myself, that certain single-issue voters really don’t have a choice when it comes to voting. “Suppose your top issue is that you’re vehemently anti-abortion. You can’t vote Democrat, so you have to vote Republican even though you know that 99% of the rest of their policies are based purely on utter stupidity.”
IMO, this is a novel way of looking at the devastation of democracy in the U.S. and elsewhere around the globe, though I doubt it’s the controlling factor. In this case, the SCOTUS Dobbs decision allows states to do whatever they like re: abortion.
In any case, most of us are worried about our country’s future, and for good reason.
Renewable Energy
There Are Some High-Powered Trump Supporters, But Why?
What kind of people are the celebrities in music and digital media as a whole? Not an easy question to answer.
Obviously, they’re talented. Most are well educated and many have the good looks that come from good genetics.
And yes, most of these people have the intelligence to see that Donald Trump is a criminal sociopath on target to destroy the U.S. while enriching himself beyond measure.
For every Jon Voight (see left) that are perhaps 1000 Robert Deniros, Bruce Springteens, and Leonardo Dicaprios.
But why are there any Jon Voights at all? The answer is unclear.
I once met a Princeton grad to whom I explained that a guy from my prep school in Philadelphia went to Princeton, and now is all over social media shouting, “Close the Borders!” and “English Only!”
My new acquaintance laughed hysterically, and said with a smile, “Yes, we have grads like this, perhaps one in a few thousand. What a waste of hundreds of thousands of dollars. You can get that level of education by dropping out of high school and driving a truck.”
Renewable Energy
Republicans Who Are Saying: ENOUGH!
At left we see an example of a phenomenon that seems to be happening with increasing frequency: a life-long Republican saying “enough” and refusing vote for the current version of the GOP.
I applaud people who have both:
a) the intelligence to see where a party has crossed a moral line, and is now operating as a criminal enterprise.
b) the inner courage to do this, as it is hard for most people to admit they were wrong after a lifetime of kneejerk reactions, especially on a topic of such importance.
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