Shell Takes a Major Stake in US Solar Developer Silicon Ranch

By [email protected] International energy giant Shell has signed a deal to become the largest shareholder of U.S. solar project developer, owner and operator Silicon Ranch Corporation.

Under the agreement announced today, Shell will acquire a 43.83 percent interest in Nashville-based Silicon Ranch from Partners Group, a global private markets investment manager. The deal is valued at up to $217 million in cash, based on Silicon Ranch’s performance. Shell has the ability to increase its stake after 2021.

The transaction is expected to close in the first quarter of 2018, following necessary regulatory approvals.

The agreement represents Shell’s return to the solar sector,

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