Silicon Ranch Conducts $600 Million Equity Raise
January 5, 2023 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Silicon Ranch Corporation, a provider of renewable energy, carbon, and battery storage solutions, announced that it conducted a $600 million equity raise.
Initial funding of $375 million closed in December 2022, with an additional $225 million expected to fund in early 2023.
The $375 million, funded in December, was led by existing Silicon Ranch shareholders, including Manulife Investment Management; TD Asset Management Inc., on behalf of TD Greystone Infrastructure Fund; and Mountain Group Partners.
Combined with a $775 million raise in early 2022, Silicon Ranch has secured in excess of $1 billion in new equity capital over the past year
Shell acquired an approximately 44% stake in Silicon Ranch Corporation in 2018