NASHVILLE, Tenn., March 9, 2018 – Silicon Ranch Corporation announced today that it has completed a transaction to make Shell its largest shareholder, following receipt of all necessary regulatory and other approvals. As part of the agreement, originally announced January 15, Shell has acquired a 43.83% interest in Silicon Ranch from Partners Group, the global private markets investment manager.
Silicon Ranch will continue to operate under its existing management and the Silicon Ranch brand. The transaction will enable Silicon Ranch to accelerate its growth strategy by developing new projects, entering new markets, and expanding product offerings across its portfolio. The strategic partnership provides Shell a platform to establish a successful global solar business by aligning with a proven team in the second largest solar market in the world.
The short video below highlights the motivation behind the compelling strategic partnership. As Silicon Ranch Co-Founder and CFO Reagan Farr says, “Silicon Ranch has been one of the fastest-growing independent power producers in the U.S., and we’ve truly been an innovator…. We’d like to take that growth and spirit of innovation and continue our rapid scaling by leveraging the resources that the Shell investment makes available to us in continuing to meet the needs of our customers, both around their renewable energy goals and other targets that they have so we can be a true energy service provider.”