3Degrees announces $60 million line of credit from Citi, facilitating increased support of global organizations’ decarbonization plans

3Degrees, a leading global climate solutions provider, announced today that it has secured a $60 million line of credit from the prominent global bank, Citi. This line of credit will directly fuel 3Degrees’ ability to scale and better serve its worldwide customer base, as well as support expansion initiatives in Europe, Asia, and other key markets around the globe.

“We are thrilled to be working with Citi to provide meaningful acceleration to 3Degrees’ mission of helping companies take urgent action on climate change,” said Philippe Vedrenne, CEO, 3Degrees. “Corporate demand for renewable energy and climate solutions has increased exponentially over the past few years, and it requires increased resources to effectively serve the needs of all of our current and prospective clients.”

3Degrees was founded nearly 20 years ago to drive urgent climate action. As one of the earliest pioneers in the industry, it remains singularly focused on climate and has collaborated with some of the world’s leading corporations, project developers, utilities, industry associations, and other partners to provide market access globally. The company has offices across North America, Europe, and Asia.

Vedrenne continued, “This line of credit will be incredibly impactful on our plans to offer transformative climate solutions to our clients on a greater scale and across additional geographies. At this moment in time, we need to be doing everything we can to help organizations decarbonize globally, which has never been more important as we all face an increasingly urgent climate crisis.”