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
The Downside of Social Media
At left is a recent post by a “friend” on FB. A couple of points that illustrate how inane and dangerous social media can be:
- This is a hoax that was debunked that year.
- Protesting the U.S. support for what’s happening in Gaza is far different than “organizing pro-Hamas rallies.”
- Objecting to the free expression of ideas is unAmerican.
Of course, stupidity exists even in the absence of social media, but there is no doubt that it accelerates that rate at which crap like this can be promulgated throughout our society.
Renewable Energy
This Is a Big Ask
To accept what House Speaker Mike Johnson says here, you’ll have to pretend that you received your DOGE and Tariff checks, that grocery and gasoline prices aren’t through the roof, that the national debt didn’t just break the $40 trillion barrier, and that the United States has won the illegal and pointless war in Iran.
OK, we’re stupid, but there must be a limit.
Please tell me there is a limit.
Renewable Energy
Trump’s Attempt at Bribery
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Something that jumps out at me is that I live among people whose integrity is for sale for $5000.
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