HomeASIA – PACIFICSilicon Ranch Corp. announces $225M capital raise, spurring a gigawatt of new...

Silicon Ranch Corp. announces $225M capital raise, spurring a gigawatt of new solar projects | JP Simon International

Silicon Ranch, the solar company launched by former Gov. Phil Bredesen and members of his administration, has named a new CEO.

Reagan Farr, who served as the state’s revenue commissioner under Bredesen, now leads the company as CEO, according to a news release. He was previously president and COO; he retains the title of president.

Matt Kisber, who has served as CEO since the company’s founding in 2011 and was Bredesen’s economic development commissioner, has been promoted to chairman of the board, a position previously held by Bredesen. Bredesen will remain a director of the company, with the title of founding chairman. Silicon Ranch owns and develops solar energy plants. Its portfollio includes more than 120 facilities in 14 states. “Both Reagan and Matt are ideally equipped to take on these new responsibilities,” Bredesen said in the news release.“Reagan wrote the original business plan for Silicon Ranch, and his experience as a founder and his outstanding performance as our first CFO and then COO uniquely qualifies him to lead our team through the next chapter of Silicon Ranch’s growth. The board is extremely pleased to have this continuity in leadership, and we are confident that Reagan is a creative and effective leader who understands boththe challenges and the opportunities that are shaping America’s energy landscape.”

Said Farr: “Silicon Ranch sees enormous opportunity in the years ahead, and I am honored and humbled to be asked to lead this world-class team to capture it. For eight years, Matt and I worked closely together as commissioners in Gov. Bredesen’s administration and now for the past eight years we have worked shoulder to shoulder at Silicon Ranch to build a strong and well-positioned company. Partnering with Matt has been rewarding and productive, and I am extremely pleased to continue working with him in his new role as chairman.”


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