StormHarbour, the leading independent global markets and financial advisory firm, today announces it has acted as sole arranger and placement agent to Silicon Ranch Corporation (“SRC”), a leading privately held U.S solar project developer, owner and operator based in Nashville, Tennessee. StormHarbour’s successful placement of corporate equity interest from Canada-based Greystone Infrastructure Fund is the first institutional investment received by the company. Additionally, StormHarbour is continuing to advise the company in raising further financing including tax equity for near-term and long-term development projects representing in excess of 200 MW of generation capacity.
Ahmar Zaman, Managing Director and Co-Head of Renewable Energy for the Americas at StormHarbour said, “We have been extremely fortunate to work with a top-tier solar developer, and leverage our global footprint to find an institutional partner of Greystone’s caliber for Silicon Ranch. StormHarbour looks forward to a continued partnership with both companies.”
Reagan Farr, Vice Chairman and CFO of Silicon Ranch added, “StormHarbour’s global network of relationships played an essential role in our strategic partnering with Greystone which further enhances Silicon Ranch’s ability to provide turn-key renewable energy solutions to its industry and utility partners and uniquely positions Silicon Ranch as it expands its solar development across the U.S.”
This investment allows the Greystone Infrastructure Fund to partner with a best-in-class owner, operator and developer. Silicon Ranch currently operates 52 megawatts (MW) of solar assets in the United States generating enough environmentally-friendly electricity to power over 10,000 homes.
“Greystone’s investment in Silicon Ranch provides a strong, global financial partner to support the rapid growth of our solar generation portfolio. Their experience in the infrastructure industry will be valuable as Silicon Ranch continues to expand into new markets,” said Matt Kisber, President and CEO of Silicon Ranch.
Silicon Ranch’s strategic approach allows it to provide best-in-class, turnkey solutions while focusing on developing a comprehensive approach to align the multiple benefits of solar energy with a company’s sustainability, marketing and business objectives.
About StormHarbour Securities
StormHarbour is an independent global markets and financial advisory firm founded on the core values of integrity, trust and global expertise. The firm consists of almost 200 professionals across offices in New York, London, Lisbon, Madrid, Hong Kong, Singapore and Tokyo. StormHarbour focuses on sales & trading, structuring & advisory and capital markets activities.
As an investment bank with a global footprint, StormHarbour provides innovative financing and structuring solutions across the balance sheet with vast experience in the credit, equity and alternatives markets. StormHarbour received The Most Innovative Boutique of the Year award from The Banker’s Investment Banking Awards ceremony in 2012.
About Silicon Ranch Corporation
Silicon Ranch, based in Nashville, TN., is one of the top 15 solar owner-operators in the United States. Silicon Ranch is a turnkey, renewable energy provider that customizes solar solutions based upon the individual needs of its customers.
For more information about Silicon Ranch Corporation, visit www.siliconranchcorp.com.
About the Greystone Infrastructure Fund and Greystone Managed Investments Inc.
The Greystone Infrastructure Fund has a global mandate that targets diversified sectors of mid-market infrastructure assets with attractive risk-adjusted returns, capable of providing predictable and stable cash flows over the long term. The Greystone Infrastructure Fund forms part of the real asset class platform managed by Greystone Managed Investments Inc.
Founded in 1988, Greystone Managed Investments Inc. is a privately-owned, Canadian institutional investment manager. Employee-controlled, the firm is one of Canada’s largest money managers with over $33 billion of assets under management (as at June 30, 2014).
For more information about Greystone Managed Investments Inc., visit www.greystone.ca.
Notice to investors
This Press Release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.