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Silicon Ranch Corporation
Silicon Ranch Corporation was founded in the early 2010s by Matt Kisber, Tennessee's former commissioner of economic and community development, together...
Silicon Ranch Corporation
Silicon Ranch Corporation was founded in the early 2010s by Matt Kisber, Tennessee's former commissioner of economic and community development, together with Reagan Farr, a former state finance official. The firm started as a greenfield solar developer and pivoted to a self-funding, independent power producer model that retains ownership of its projects rather than flipping them to third parties. The firm develops, finances, builds, and operates utility-scale solar and solar-plus-storage facilities across the US Southeast, Midwest, Texas, and California. Its asset-class exposure spans solar generation, battery storage, landfill-solar repurposing, and renewables-backed carbon offsets. Confirmed portfolio holdings include the 110 MW Tarkio Solar project in Missouri, the 50 MW Delta Solar project in Arkansas, and multiple sites in Georgia and South Carolina funded through long-term power-purchase agreements with municipal utilities and corporations (per S&P Global, 2022). The firm operates a wholly owned construction subsidiary, SOLO, that handles EPC work in-house. Silicon Ranch carries roughly 100 internal staff and a construction workforce that peaks near 1,500 per project. The firm is 90%-owned by the Dutch pension fund manager PGGM, which acquired its stake in two tranches between 2016 and 2019 (per Infrastructure Investor, 2019). Farr remains CEO with operating control, while PGGM provides the capital base for the firm's balance-sheet development strategy. The firm operates a single office in Nashville, Tennessee, with additional development outposts in Georgia and Texas. One recent operational event: May 2024 — The firm broke ground on a 150 MW solar farm in Caldwell Parish, Louisiana, backed by a PPA with Entergy Louisiana (per Solar Power World, May 2024). Silicon Ranch's structural differentiator is its “develop and hold” model, uncommon among independent US solar producers who typically sell projects post-commercial operation date. By retaining projects on its balance sheet, Silicon Ranch captures operational cash flows for decades and avoids being subject to the PPA-pricing commoditization that drives the merchant developer model. This structure, combined with PGGM's stable permanent capital base, insulates the firm from cyclical capital markets disruptions that constrain most independent developers.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Nashville
Corporate office
Nashville, TN, United States
Principals
Reagan Farr
CEO
Matt Kisber
President and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Silicon Ranch Corporation?
CEO Reagan Farr runs day-to-day operations and development strategy, while co-founder Matt Kisber serves as President. PGGM, the Dutch pension fund manager that owns 90% of the firm, appoints board-level oversight but does not manage project-level underwriting (per Infrastructure Investor, 2019).
How does Silicon Ranch source proprietary deal flow?
Silicon Ranch originates its own solar and storage projects in-house, often through relationships with municipal utilities, electric cooperatives, and corporate offtakers negotiated years before construction begins. The firm relies on its internal development team across the US Southeast and Midwest, rather than sourcing deals through intermediaries or platforms.
Is Silicon Ranch structured as a family office or does it operate more like a renewable-energy IPP?
Silicon Ranch is a renewable-energy independent power producer (IPP), not a family office or private-equity fund. It develops, owns, and operates utility-scale solar assets on its balance sheet, funded by long-term capital from its majority owner PGGM.
Does Silicon Ranch co-invest alongside external partners?
Silicon Ranch generally develops and holds project assets on its own balance sheet. It does not typically raise third-party co-investment vehicles, though it uses long-term power-purchase agreements (PPAs) with utilities and corporations as a financing mechanism rather than equity syndication.
What investment stages does Silicon Ranch target?
Silicon Ranch targets the full lifecycle of utility-scale solar projects from greenfield development through construction, commissioning, and long-term operation. It does not invest in early-stage renewable-energy technology or startup companies; its focus is on operating infrastructure.
Where does the underlying wealth come from?
Silicon Ranch's capitalization comes from PGGM, a Dutch pension fund manager that serves Dutch healthcare workers. PGGM acquired a majority stake in two rounds from 2016 to 2019. The firm's founding principals, Matt Kisber and Reagan Farr, have backgrounds in Tennessee state government and economic development, not inherited wealth.
Does Silicon Ranch maintain philanthropic structures?
Silicon Ranch has a community-benefit division that funds local workforce training, agricultural land-reuse programs (solar grazing), and school board partnerships near its project sites. These are operated out of the company's operating budget, not through a separate foundation, and are not publicly reported as a distinct charitable entity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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