Deutsche Bank finances RATCH-Australia’s 450MW renewable portfolio
Deutsche Bank acted as Mandated Lead Arranger for a debt facility totaling 495 million Australian Dollars to finance three operational renewable energy projects for RATCH-Australia
The projects include the 226.8 megawatt (MW) Collector Wind Farm, 180.5MW Mt Emerald Wind Farm, and 42.5MW Collinsville Solar Farm.
Rachel Chia, Head of Project Finance, Corporate Bank in Asia Pacific: “We are thrilled to complete the financing of RATCH Group’s 450 MW renewable portfolio in Australia. This is our second financing with RATCH in Australia and they are a very credible partner with strong expertise in the management of its projects.”
Importantly, this deal demonstrates Deutsche Bank’s continued investment in the energy transition story of Australia.
This transaction marks the third Project Finance deal in the Renewable Energy sector by Deutsche Bank in the past four months.
RATCH Group is listed on the Stock Exchange of Thailand and its majority shareholder at 45% ownership is the Electricity Generating Authority of Thailand (“EGAT”), Thailand’s state-owned power utility under the Ministry of Energy. RATCH Group is Thailand’s largest independent power producer, owning 7GW equity installed power generation assets and 1.2 gigawatt (GW) under construction or in development (as of June 2021).