Dealflow | January 11, 2022

Silicon Ranch secures $775 million for clean energy in rural communities

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 11 — Nashville-based Silicon Ranch provides clean energy, carbon and battery storage for rural communities in the U.S. and Canada, with four gigawatts of solar and storage under contract.

Silicon Ranch has raised $775 million in an equity financing round. Toronto-based Manulife Investment Management led the round with a $400 million investment. Dutch energy giant Shell also joined.

Silicon Ranch has raised $1 billion in the past 12 months.

The latest round of capital will support Silicon Ranch’s efforts to co-locate renewable energy production and regenerative agriculture to sequester carbon and restore grasslands around its solar and battery arrays. 

Silicon Ranch acquired Clearloop in September last year to expand its corporate offerings.