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.
Our objective is to invest private equity capital 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 vehicles 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.
116 Megawatts under management and exclusivity across 52 project companies
35 Megawatts under ownership
>135 Community Solar subscribers into our projects
Top 3 Community Solar portfolio in Massachusetts
$175 million of project financings
8 financing facilities closed to date
$150 million of projects under management
6 Developer partnerships
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 market transactions.
Our experience includes projects across: solar (wholesale, 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
true equity ownership partnerships
A long view