The A$495 million RATCH green assets financing deal recently closed by Squire Patton Boggs has been awarded the Refinance – Portfolio Deal of the Year at the IJ Global Asia-Pacific Awards 2022. A gold standard in peer review for greenfield infrastructure and energy, the IJ Global awards recognise best-in-class transactions and organisations across the international energy and infrastructure industry.
Squire Patton Boggs Financial Services partner Hai-Dang Nguyen commented: “We would like to congratulate our client RATCH and all involved in this deal. Renewable portfolio financing has not often been seen, and we were all very pleased to see more capital unlocked for investment in new green projects as a result of this successful, innovative transaction. We thank IJ Global Awards for this recognition.”
RATCH-Australia is an independent power producer in Australia and owns an increasing portfolio of power generation assets with a capacity of more than 1.2GW. These consist of gas fired power and renewable energy generation, with assets located across the country. RATCH-Australia is wholly owned by RATCH Group Public Company Limited, listed on the Stock Exchange of Thailand with a market capitalisation of around US$4 billion.
The financing was backed by RATCH–Australia’s operational clean energy projects located across Queensland and New South Wales: Mount Emerald Wind Farm (180.5MW), Collector Wind Farm (226.8MW) and Collinsville Solar Farm (42.5MW). It attracted extensive interest from major international banks, including Deutsche Bank, MUFG, ING, SMBC, Société Générale, DBS and Bank of China.
Led by Financial Services partner Hai-Dang Nguyen, the core legal team comprised expertise across our Financial Services, Energy & Natural Resources, Corporate, Real Estate, and Tax Strategy & Benefits practices in order to deliver this award-winning transaction.