
US independent power producer (IPP) Silicon Ranch has secured a US$500 million investment from Danish fund manager AIP Management.
This investment will support the Tennessee-headquartered IPP’s growth strategy in the coming years, explained Reagan Farr, president and CEO of Silicon Ranch.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Silicon Ranch has a 3.6GW operational solar PV portfolio and a further 3.7GW under construction or under contract across 15 US states and one province in Canada. By the end of 2030, the company aims to reach 10GW of operational capacity.
Earlier this year, the company – through its Clearloop subsidiary – signed a multi-year agreement with tech giant Microsoft to deploy up to 100MW of community-focused solar PV projects in the US states of Arkansas and Louisiana.
Kasper Hansen, CEO and managing partner at AIP, said: “Our investment supports its continued growth and reflects our confidence in businesses with strong fundamentals and the ability to drive the energy transition forward.”
This is the second investment in a renewables platform from AIP following a previous transaction in Europe. In the second half of 2024, the Danish fund manager acquired a minority stake, of around 33%, in French IPP Valorem, with further capital commitments to finance the company’s pipeline of projects.
The upcoming edition of our quarterly journal, PV Tech Power, will look at the company’s sustainability and community engagement actions it has implemented in some of its utility-scale solar projects, such as its Regenerative Energy solution and hosting town halls to discuss matters with local communities.
PV Tech publisher Solar Media will be organising the fourth edition of Large Scale Solar USA in Dallas, Texas 29-30 April. After a record year for solar PV additions in the US, the event will dive into the ongoing uncertainties on tariffs, tax credits and trade policies as more domestic manufacturing becomes operational. Other challenges, such as the interconnection queues and permitting, will also be covered in Dallas. More information, including how to attend, can be read here.