RATCH acquired 70% stake of Alinta's 214 MW Yandin wind farm in Australia

RATCH Group Public Company Ltd has announced its acquisition of a 70 % equity stake in the 214 MW Yandin Wind Farm in Australia. The deal was made by its wholly-owned subsidiary, RATCH-Australia Corporation Pty Ltd (RAC), which signed the Subscription, Sale and Purchase Agreement on 26 July 2019.

RAC has purchased 70% of common shares in Yandin WF Holding Pty Ltd from Renewable Energy Investment Fund Pty Ltd (REIF), a subsidiary of Alinta Energy Pty Ltd (Alinta) and 70% of investment units in Yandin WF Holding Unit Trust from Renewable Energy Investment Fund Unit Trust. The transaction is valued at AUD53.31 million (US$36.2 million).

The Yandin Wind Farm project is located 150 kilometers north of Perth in Western Australia and will comprise 51 turbines of 4.2 MW funded by the syndicated facility agreement for approximately AUD 364 million (US$247.1 million). The wind farm will be connected to a 330-kV electricity network via a new 10-kilometer transmission line and terminal station that will be built, owned and run by state-owned network operator Western Power. It is expected to commence commercial operation in September 2020. It has also secured by the 15-year Power Purchase Agreement with Alinta Sales Pty Ltd, a subsidiary of Alinta Energy.