Credit facility · Climate tech
38 Degrees North closes $260M credit facility for distributed energy projects
The facility adds project-level capital for a platform that develops, owns and operates energy assets.
Capital for distributed generation
38 Degrees North works with landowners and project developers to bring community solar, battery storage and other distributed-energy assets from development through construction and operation. The platform reports more than 100 projects and 500 MW under construction or operating, with additional capacity in its development pipeline; the credit facility is intended to support project execution.
Use of funds
Fund distributed generation and community solar project development and construction
Funding history
Credit facility · This round$260M