38 Degrees North is a Marin County, California-based private investment firm specializing in renewable energy infrastructure with a primary focus on solar energy and battery storage. We founded our company in 2016, however our principals have 9 years of professional experience and friendship together.
We invest in high quality distributed, community solar and battery storage portfolios. We target durable relationships with development partners and design dependable institutional capital solutions for them. We invest through equity facilities alongside our long-standing private equity partners, and we source project debt and tax equity as needed from capital providers with whom we have extensive history.
We aim to team with developers in an open fashion to establish clear visibility to project value creation.
We are long term investors and seek sustainable yields over the asset life. We are principals, not agents, and align ourselves straight alongside our equity partnerships over the long run.
240 Megawatts in operation and development across 70 projects
Over 6,000 subscribers into our community solar projects
6 tax equity funds and 4 credit facilities completed
6 longstanding partnerships with leading developers
Projects operating in 5 states
Total portfolio value of over $500 million
We are long term principal investors.
We know project development.
We excel at structured finance.
Our team team has closed over $8 billion of project finance and capital markets transactions.
Our experience includes projects across: solar (utility scale, C&I, community, residential), wind, battery and efficiency.
As developers and principal investors, we have experience designing creative capital solutions that have enabled project developments, such as:
development stage debt and equity partnerships
tax equity funds
institutional and bank debt financings
warehouse / aggregation facilities
- a publicly traded yield-co
mezz / high-yield debt
A long view