38 Degrees North secures a $260M credit facility to enhance its community solar and distributed renewables projects, with funding led by Apterra Infrastructure Capital.
Amount Raised
$260 Million
Round Type
Debt Financing
SausalitoManufacturingEnergyRenewable EnergySolarInvestors
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.
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