Silicon Ranch raises US$775m to pursue new PV pipeline, markets and acquisitions

Facebook
Twitter
LinkedIn
Reddit
Email
Silicon Ranch has more than 145 operational solar projects in the US. Image: Silicon Ranch.

Silicon Ranch has raised US$775 million in new equity capital to help progress on its existing project pipeline, enter new markets and pursue acquisitions.

The funding round was led by wealth manager Manulife Investment Management, which on behalf of Manulife Infrastructure Fund II and John Hancock, committed to around US$400 million of investment in the independent power producer (IPP).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Other participants included existing shareholders O&G major Shell, which acquired a 43.83% stake in the business in 2018, as well as asset manager TD Greystone Infrastructure Fund (Global Master) and venture capital firm Mountain Group Partners.

Silicon Ranch said it holds a portfolio of more than 4GW of solar and energy storage projects in the US and Canada that are either contracted, under construction or operational. The intent is to use the proceeds of the funding round to grow that pipeline further, while also eyeing international expansion and strategic acquisitions.

Silicon Ranch acquired carbon offset firm Clearloop in September last year in order to bolster its offering for corporate buyers of renewable energy.

Reagan Farr, co-founder and CEO at Silicon Ranch, said the “significant” capital raise positions Silicon Ranch to play an important role in the global energy transition.

The new funding comes just over a year after the IPP raised US$225 million in equity capital to pursue a 1GW solar pipeline.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 18, 2025
The average price of solar panels used in distributed generation projects in the US reached US$0.27/W by the first half of the year.
July 17, 2025
Indian solar manufacturers are among the targets of a new petition filed by US producers alleging illegal trade practices by overseas firms.
Premium
July 17, 2025
Implementing greater policy clarity pertaining to the EPBD will be essential if Europe is to realise its distributed rooftop solar targets.
July 17, 2025
Corporate funding in the solar sector fell by 39% in the first half of 2025 compared with the same period last year.
July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 15, 2025
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK