Foley Equipped
Insights

Foley Represents Kimmeridge in Simultaneous Sale of U.S. Light Energy and Growth Equity Investment in 38 Degrees North

Foley & Lardner LLP represented Kimmeridge Energy Management Company, LLC, an alternative asset manager focused on energy investments, in the sale of its portfolio company U.S. Light Energy, a community solar developer having approximately 250 megawatts of projects in its pipeline, to 38 Degrees North, a community solar and distributed renewables platform based in Sausalito, California.

Foley also advised Kimmeridge on its simultaneous growth equity investment in 38 Degrees North. The investment by Kimmeridge, made alongside Climate Adaptive Infrastructure, brings 38 Degrees North’s total growth capital raised to more than $230 million.

Founded in 2015, 38 Degrees North develops distributed generation and community solar projects and has completed more than 400 megawatts across over 100 projects since its inception. The investment will support the company in meeting growing demand for distributed renewable energy projects across the United States.

The Foley deal team representing Kimmeridge and U.S. Light Energy was led by John Klusaritz and Miguel Beltran, with tax support from James Howard.

Disclaimer

AUTHOR(S):

POSTED:

Subscribe to our newsletter
Subscribe

© 2025 Foley & Lardner LLP
Attorney Advertisement
Images of people may not be Foley personnel.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.