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RATCH buys 70% of Alinta's 214-MW wind project in Western Australia

Wind farm. Author: Chrishna. License: Creative Commons, Attribution 2.0 Generic

August 5 (Renewables Now) - The 214.2-MW Yandin wind project in Western Australia, touted as the largest in the state, has attracted a new shareholder and is already under construction.

Australia’s Alinta Energy received an electricity generation license for the 51-turbine wind farm earlier in 2019. At the end of July, Thai company RATCH Group PCL (BKK:RATCH) announced that it has acquired 70% in the project through its unit RATCH-Australia Corporation Pty Ltd in a deal is valued at AUD 53.3 million (USD 36.2m/EUR 32.5m).

More specifically, RATCH bought 70% of the common shares in Yandin WF Holding Pty Ltd from Alinta Energy Pty Ltd’s Renewable Energy Investment Fund, and 70% of the investment units in Yandin WF Holding Unit Trust from Renewable Energy Investment Fund Unit Trust. This acquisition brings RATCH-Australia’s equity generation capacity to over 1,250 MW.

The wind park, which has a 15-year power purchase agreement (PPA) with Alinta Sales, is to reach commercial operation in September 2020, RATCH said. It will have 51 Vestas turbines of 4.2 MW each. 

(AUD 1 = USD 0.68/EUR 0.61)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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