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