RATCH Group Public Company Limited has announced its business strategy for 2025-2029, focusing on future energy trends, value creation, and sustainable growth. The company plans to continue strengthening its power generation, energy-related businesses, and innovation in energy solutions.
The strategic framework is guided by five core “5S” principles:
S1 – Asset Portfolio Management: Enhance profitability and operational efficiency of existing assets.
S2 – Investment in Power Plants: Expand power generation projects domestically and internationally, aligned with each country’s energy plans.
S3 – Energy-Related Investments: Diversify into businesses connected to the energy sector.
S4 – Development of Expired Power Plants: Transform retired power plants to create economic value.
S5 – Corporate Venture Capital (CVC): Invest in new energy startups and related innovative businesses.
Mr. Nitat Voraponpipat, CEO of RATCH Group, emphasized that the strategy centers on maximizing value across the energy sector, improving efficiency, minimizing energy consumption, and reducing greenhouse gas emissions. Retired plants will be repurposed into new business ventures, while energy innovations will contribute to global net-zero emission goals.
The company is set to expand its footprint beyond Thailand, focusing on Australia, Indonesia, Laos, Vietnam, and the Philippines, and exploring new opportunities in Western Europe and Japan, leveraging advancements in energy technology.
In Australia, RATCH Australia Corporation Limited (RAC) plays a central role in growth and revenue generation. During the first half of 2025, RAC contributed 2.948 billion baht, or 19% of RATCH Group’s total revenue. The company expects further revenue growth as ongoing projects reach commercial operation.
“Australia presents significant opportunities in renewable energy and energy storage, driven by the country’s Net Zero Emissions target,” said Mr. Nitat. He highlighted the 234-megawatt Townsville gas turbine power plant synchronous condenser project, designed to stabilize Queensland’s power grid while adding value to decommissioned assets.
Under the 2025-2029 plan, RAC will support RATCH’s renewable energy targets of 30% of total generating capacity by 2030 and 40% by 2035. The company is developing nine renewable energy and energy storage projects, with key initiatives including:
Marulan Solar Power Project: 150 MW solar capacity with 81 MW BESS and 162 MWh storage, targeting commercial operation in 2027.
Beryl Energy Storage System: 100 MW with 200 MWh storage, operational in 2029.
EL Erich Energy Storage System: 250 MW with 500 MWh storage, operational in 2029.
Springland Wind Power Project: Estimated 500–800 MW, currently in development, targeting commercial operation in 2030.
RAC manages a total of 2,095 MW of generation assets in Australia, including three gas-fired plants and nine renewable energy facilities, encompassing energy storage projects.
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