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38 Degrees North secures a $260M credit facility to enhance its community solar and distributed renewables projects, with funding led by Apterra Infrastructure Capital.
PRIVATESep 16, 2026•about 2 hours ago
Amount Raised
$260 Million
Round Type
Debt Financing
SausalitoManufacturingEnergyRenewable EnergySolar
Investors
Siemens Financial ServicesAmalgamated BankFarmer MacBank UnitedNational Bank Of CanadaStifelApterra Infrastructure Capital
Description
38 Degrees North, a Sausalito, Calif.-based community solar and distributed renewables platform provider, closed a $260m financing facility. This transaction positions the company to execute its significant pipeline. The facility was arranged by Apterra Infrastructure Capital and includes participation from other lenders. Founded in 2015, the company continues to expand its portfolio across key markets.
Company Information
Company
38 Degrees North
Location
Sausalito, California, United States
About
38 Degrees North is a community solar and distributed renewables platform focused on developing and managing solar projects. Founded in 2015, it has successfully aggregated and financed over 400 MW across various projects. The company aims to meet the rising demand for efficient, local energy sources. They have a strong track record of partnerships with institutional investors.
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SausalitoManufacturingEnergyRenewable EnergySolar