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NASHVILLE, Tenn. (Feb. 16, 2022) – Silicon Ranch Corporation announced today that it has completed its $775 million equity raise, following receipt of all necessary regulatory approvals. Originally announced last month, the round was led by Manulife Investment Management, on behalf of Manulife Infrastructure Fund II and John Hancock, with participation from existing shareholders including Shell, TD Greystone Infrastructure Fund (Global Master) L.P., and Mountain Group Partners. The platform investment now aligns Manulife Investment Management with one of the largest independent power producers in the U.S.

Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company’s portfolio includes more than four gigawatts (GW) of solar and battery storage systems across the U.S. and Canada that are contracted, under construction, or already in operation.

Silicon Ranch currently owns, operates, and maintains more than 150 solar generating facilities in 15 states from New York to California. The company has distinguished itself by successfully completing every project it has contracted since its inception and through its commitment to own and operate each project in its portfolio for the long term.

This transaction provides significant growth capital for Silicon Ranch to support the construction of well over two GW of new solar projects over the next two years. The raise will also serve to accelerate the company’s customer-led growth strategy by growing its team, developing new projects, entering new markets, and pursuing strategic acquisition opportunities.

Morgan Stanley & Co. LLC acted as the exclusive financial advisor to Silicon Ranch on the capital raise.

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About Silicon Ranch Corporation

Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than four gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. To learn more, visit siliconranch.com and regenerativeenergy.org and follow on FacebookInstagramTwitter, and LinkedIn.

About Manulife Investment Management

Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media Contact:

Silicon Ranch Corporation
Katie Jacobs/Quarter Horse PR
katie@qh-pr.com
(847) 715-8624