Nexif Energy has joined hands with RATCH for a new renewable energy-focused platform in Southeast Asia and Australia.
The joint venture is known as NEXIF RATCH Energy. It came up following the establishment of NEXIF RATCH Energy Investments Pte. Ltd. in Singapore.
It has been informed that RATCH Group’s subsidiary, RH International (Singapore) will hold 49% equity in the platform while Nexif Energy will hold 51%.
NEXIF RATCH Energy has an advanced pipeline of renewable projects including hydro, wind, solar, and energy storage.
Choosri Kietkajornkul, Chief Executive Officer, RATCH Group Public Company Limited, was quoted in a statement, “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. “
It has been informed that the company was established to continue the development of pipelined projects in Vietnam, the Philippines, and Australia and along with it, to explore new projects.
NEXIF RATCH Energy has expected to grow its renewable energy portfolios.
Meanwhile, Surender Singh, Founder and Executive Chairman of Nexif, commented, “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.”
It has been informed that NEXIF RATCH Energy will move forward with a strategy by utilizing multiple renewable technologies and combining with energy storage.