RATCH Group: ESG Financing Champion for Renewable Energy Projects APAC 2024
Legal advisor: Linklaters (Thailand) Ltd
RATCH Group has emerged as a leader in sustainable financing, with a strong focus on supporting renewable energy projects across the Asia-Pacific region. The company, which is based in Thailand, is committed to driving growth in its green energy portfolio, targeting a significant increase in renewable energy capacity over the coming years. RATCH has successfully secured financing through various innovative methods, including the issuance of green private debentures. These efforts have been bolstered by collaborations with governmental institutions such as the Government Pension Fund, marking a first for Thailand, as well as partnerships with local banks. Awarded “Refinance Deal of the Year” by the IJGlobal Awards 2022, RATCH successfully refinanced green loans for three renewable projects in Australia: the 226.8 MW Collector wind power plant, the 180.5 MW Mount Emerald wind power plant, and the 42.5 MW Collinsville solar power plant. The 180 MW Asahan-1 hydroelectric power plant in Indonesia also earned a similar accolade. The group has built a robust pipeline of renewable energy projects across multiple countries, including Thailand, the Philippines, Vietnam, and Australia. Recently, RATCH announced that its 74.2 MW Calabanga solar power plant in the Philippines commenced operations in August 2024, with its 145 MW Bacolod Solar Power Project set to begin construction by October 2024. By maintaining a proactive approach towards Environmental, Social, and Governance (ESG) criteria, RATCH continues to attract investment for its clean energy initiatives. The CFI.co Judging Panel congratulates RATCH Group on winning the 2024 award for ESG Financing Champion for Renewable Energy Projects (APAC).
