Investment Firm Takes Stake in Bredesen’s Silicon Ranch

Silicon Ranch Corporation, builder and operator of solar-power facilities in the Southeast, has taken on a minority equity partner, Greystone Managed Investments, Inc. Greystone will assist Silicon Ranch Corporation in expanding its reach, according to Matt Kisber, Silicon Ranch Corporation’s president and co-founder.

Kisber, who was Tennessee’s commissioner of economic and community development in the Phil Bredesen administration explains that the Greystone acquisition doesn’t alter the firm’s corporate structure or officers, however two Greystone executives, Jeff Mouland and David Vickerman, will join the Silicon Ranch Corporation’s board. Kisber affirmed that while Gov. Bredesen remains chairman of the board, this new move will support the growth of Silicon Ranch Corporation.

“We really believe that renewable energy in general, and solar in particular, are poised for significant growth,” Kisber said. “Having a partner like Greystone will enable Silicon Ranch to be a major player as that occurs.”

Silicon Ranch Corporation is one of the Top 15 solar-power generators in the nation, and currently operates 52 megawatts of solar capacity. The company also has more than 200 megawatts of additional generating capacity in development.

FULL STORY: The Tennesseean


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