RAC invests in wind farm in Australia
The Ratchaburi Electricity Generating Holding Plc reported to the Stock Exchange of Thailand yesterday that its subsidiary, RATCH-Australia Corporation Pty Ltd (RAC) has invested in a collector wind farm in Australia through Collector Wind Farm Pty Ltd, a wholly owned subsidiary of RAC.
As of yesterday, Collector Wind Farm signed binding documents with the lender, Clean Energy Finance Corporation, for a debt facility of A$179 million (Bt4 billion) to use in the project’s construction and development.
The collector wind farm, with a capacity of 226.8 megawatts, is located in New South Wales, Australia. The project will cost about $359 million, while the equity investment is about $180 million.
The construction is to begin in the first half of this year and is anticipated to commence operations in 2020, the company’s chief executive officer, Kijja Sripatthangkura, said.
