38 Degrees North Acquires 104 MW Community Solar Portfolio in Illinois from Cypress Creek
38 Degrees North (“38DN”), a community solar and distributed renewables platform, and Cypress Creek Energy, a leading American energy infrastructure developer, owner, and operator, today announced the sale of 104 megawatts (MW) of community solar assets in Illinois from Cypress Creek to 38DN. The portfolio includes 16 advanced projects that are expected to be placed in service by 2027.
Illinois continues to be a key market for community solar and energy storage in the U.S., supported by established policy frameworks and growing demand for distributed energy solutions. In 2025 alone, Illinois added 349 MW of community solar capacity, ranking second in the nation for installations.
For 38DN, the transaction represents a significant expansion into the fast-growing Illinois community solar market. The portfolio that 38DN is acquiring includes 16 projects spanning 14 counties in Illinois, expected to deliver $1.6 million in annual subscriber utility bill savings and $11 million in local tax revenue over the life of the projects. In addition to this portfolio, 38DN is actively developing, acquiring, and constructing other Illinois community solar projects.
