Trade Press
38 Degrees North Secures $260 Million for Illinois and New York Projects
pv magazine USA · Sep 15
What happened
38 Degrees North secured $260 million in financing to support the construction of approximately 85 MW of community solar capacity. The capital was arranged by Apterra Infrastructure Capital. The planned installations will be sited across Illinois and New York.
Why it matters
The financing indicates active capital deployment for distributed assets in two of the most mature state-level programs. For EPCs and subscriber acquisition providers, this solidifies near-term pipeline activity in Illinois and New York. Further project details regarding specific interconnection timing and offtake structures remain to be reported.
project-financeillinoisnew-yorkconstruction
Original source
pv magazine USA
38 Degrees North secures $260 million in financing for community solar