Funding and M&A Roundup: US Solar Developer Silicon Ranch Raises $775 Million
Ark Energy acquires utility-scale wind and solar project developer Epuron Holdings
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Silicon Ranch Corporation, the U.S. solar platform for Shell and an independent solar power producer, has raised $775 million in new equity capital. Manulife Investment Management, on behalf of Manulife Infrastructure Fund II and John Hancock, led the round with an approximately $400 million commitment. Other existing Silicon Ranch shareholders, including Shell, TD Greystone Infrastructure Fund (Global Master), and Mountain Group Partners, joined the round. The transaction is expected to close in Q1 2022.
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Utsav Sinha
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