RATCH completes acquisition 70% stake of 214 MW Yandin wind farm
RATCH Group Public Company Ltd has completed its acquisition of a 70 % equity stake in the 214 MW Yandin Wind Farm in Australia from a subsidiary of Alinta Energy Pty Ltd (Alinta).
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.
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.
