RATCH buys Nexif portfolio from Denham Capital

Wind turbines at Lincoln Gap Wind Farm (RATCH)
Lincoln Gap Wind Farm

Denham Capital has signed a share sale agreement with Thailand’s RATCH Group for Nexif Energy’s portfolio of Australian and Southeast Asian energy assets. 

The transaction values Nexif Energy’s portfolio at an enterprise value in excess of US$1 billion. 

Denham Capital and Nexif founded Nexif Energy in August 2015 to acquire, develop, construct and operate a clean energy-focused power generation and battery storage portfolio across Australia and Southeast Asia while maintaining the highest environmental and social standards.   

Related article: 222MW Lincoln Gap wind farm now operational

Nexif Energy has built an attractive project portfolio with a total capacity of close to 2.7GW. Of this, nearly 500MW is currently operational or under-construction, increasing to c.1.3GW operational or under-construction by 2023, and a further c.1.4GW at various stages of development. 

Nexif and RATCH will work together to manage and continue to grow the Nexif Energy portfolio through a new Nexif-RATCH joint venture following completion of the transaction.  

Nexif Energy has developed hybrid power solutions combining multiple renewable and gas-fired thermal generation technologies, in combination with energy storage, to establish a differentiated offer in several countries in its target geographies.

Related article: Genex gets sweetened $346.3m buyout offer

For example, Nexif’s Lincoln Gap Wind Farm project in South Australia, a 222MW initiative comprising 212MW of wind turbines and 10MW of battery storage, is capable of producing enough electricity to power approximately 155,000 households in South Australia.  

Elsewhere, Nexif Energy has further demonstrated its ability to deliver clean, reliable power across its target markets through hydropower projects in Vietnam, solar projects in the Philippines, and a 98MW combined cycle power project in Thailand. 

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