Funding and M&A Roundup: Silicon Ranch Raises $225 Million for 1 GW of Solar Projects

FSN Capital acquires 45% stake in renewable energy investment company Obton

December 21, 2020

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Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent power producer, has closed an investment round that attracted $225 million in new equity capital. The round was funded entirely by existing Silicon Ranch shareholders, including Shell and institutional investors TD Greystone Infrastructure Fund (Global Master), managed by TD Asset Management, and Mountain Group Partners. The equity raise will support the construction of well over 1 GW of new solar projects over the next two years and enable Silicon Ranch to accelerate its growth strategy by developing new projects, entering new markets, and pursuing strategic acquisition opportunities.

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