TLDR: Community solar and distributed renewables platform, 38 Degrees North, has received a growth equity investment from S2G Ventures and announced an agreement to acquire community solar assets from Community Power Group (CPG) in New York. The company aims to accelerate its growth and support developers and projects through the remainder of development and into operations with the investment. S2G’s Priyanka Duvvuru and Francis O’Sullivan will join 38 Degrees North’s board of directors as part of the transaction. The company looks to establish a scaled foundation for the community solar platform as it comes to the market for tax equity and debt raises in 2024.
“Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber’s engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you’ll receive.”
