Ratch Group buys Nexif Energy for $605mn
Thai energy firm acquires portfolio of renewables, gas and battery storage from investment firm Denham Capital and project developer Nexif
Energy transition-focused investment firm Denham Capital and project developer Nexif have sold a 2.7GW portfolio of renewables, gas and storage assets in Australia and Southeast Asia to Thailand-based energy company Ratch Group for $605mn. Denham and Nexif developed the portfolio under a joint venture (JV) called Nexif Energy that they formed in 2015. Nearly 500MW of the portfolio is operational or under-construction. A further 800MW is expected to start up or enter construction in 2023, while 1.4GW is at various stages of development. Nexif and Ratch will work together to manage and continue to grow the Nexif Energy portfolio through a JV following completion of the transaction. Denham and
Also in this section
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way