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Nexif Energy and RATCH announced the launch of NEXIF RATCH Energy, a renewable energy-focused platform in Southeast Asia and Australia. The joint venture was successfully completed with the establishment of NEXIF RATCH Energy Investments Pte. Ltd. registered in Singapore on 20 December 2022. RATCH Group through its wholly owned subsidiary, RH International (Singapore) Corporation Pte. Ltd. (RHIS) will hold 49% equity in the platform and Nexif Energy will hold 51%. NEXIF RATCH Energy kicks off with an advanced pipeline of renewable projects comprising hydro, wind, solar, and energy storage. The new platform is set for fast growth benefitting from RATCH and Nexif’s proven power expertise and track record as it converts the pipeline and adds new projects.
Ms. Choosri Kietkajornkul, Chief Executive Officer, RATCH Group Public Company Limited, said, “NEXIF RATCH Energy marks another step of synergy between RATCH and Nexif Energy following RATCH’s USD605-million acquisition of Nexif Energy’s asset portfolio recently. The company was formed for not only continuing the development of pipelined projects in Vietnam, the Philippines, and Australia but also to explore new projects and potential businesses in response of the low carbon economy. Additionally, NEXIF RATCH Energy will provide support in the management of certain of the acquired assets owned directly by RATCH ensuring that the operating performance and efficiency are achieved as targeted. We expected that NEXIF RATCH Energy will help growing our renewable energy portfolios and accelerate a path toward carbon neutrality ambition.”
Mr. Surender Singh, Founder and Executive Chairman of Nexif, said, “We are excited to embark on the new phase with a strong start that builds up on several years of hard work by our highly talented team and partnership with RATCH as a leading IPP active not only Thailand but also in several international markets. This gives NEXIF RATCH Energy a solid foundation to capitalize on the growth opportunities offered by the ongoing energy transition”
Mr. Matthew Bartley, Founder and Managing Director of Nexif, added, “NEXIF RATCH Energy will execute a focused strategy utilizing multiple renewable technologies combining with energy storage to establish a differentiated presence in several countries in its target geography. The quest of host countries to achieve the net-zero objective and the volatility in the conventional energy markets offers endless possibilities of growth for NEXIF RATCH Energy”